CO129-571-16 New Territories 13-4-1938 - 12-12-1938 — Page 54

(*2643–150) Wt. 16318—94 15,000 7/38 T.S. 695

C. O.

Mr.

Mr.

the matter of general surplus funds

Mr.

as in that of the currency surplus,

Mr. A. J. Dawe.

Sir H. Moore.

Sir G. Tomlinson.

Sir J. Shuckburgh.

Permt. U.S. of S.

Parly. U.S. of S.

Secretary of State.

DRAFT.

but in present conditions there is

not likely to be much chance of in-

creasing the general reserves; it

is more likely that it will be

necessary to draw on them to some

extent to maintain the Colonial

Government's present essential

social and other (including defence)

expenditure in the Colony.

Yours sincerely.

H.R. Cowell

FURTHER ACTION.