13
Sue (11).
report showed that Hong Kong has plentiful
untapped sources of revenue, and it occurs
to me that one of the advantages of
utilizing such resources in a separate budget
would be that if at some date in the future it
should become possible to relieve this taxation,
it could be done without any dislocation of
the Colony's normal finances. But such a
possibility would depend as much as anything
on the position of Hong Kong vis-à-vis the
China that will emerge from the Sino-Japanese
war.
We have already informed the Governor
that there is no prospect of getting an expert
from the Inland Revenue Department to run the
new Income Tax Department.
?
Telegraph approval in principle of
the Governor's proposals, referring to (11).
Send a copy of this telegram and reply to
Treasury 1.f.; and then we can send out to
Hong Kong the Ordinances as promised in No. 11.
I attach a copy of Hong Kong telegram
Confidential No. 319 which refers to this
subject and has been registered on the general
file: I suggest that permission to use this
material might be incorporated in the reply
to (12) on this file, if Mr. Eastwood agrees.
A.N. Galsworthy
3.10.39.
M. Gent asked me to note on the file, with
eference to (11), that Sir G. Bushe wishes to
Del
HIX.
Ordes. which are sent to HTC. before
any they go ait.
No comments yet.
Private notes are available after approval.