CO129-590-28 Hong Kong finances- advances to meet deficits 20-12-1941 - 3-1-1944 — Page 37

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

37

As to the form in which assistance should be

granted, the proposal in January 1942, was that it

should be by way of loan, and in view of all the

uncertainties of the future outlook, we should

willingly agree to that on the understanding of

course that the question of just how much of the

could be

total assistance could be granted should actually

be recovered from the future Hong Kong Government,

or whether the whole or any part should be converted

into a free grant, would be a matter for consideration

after British administration has been re-established

in the Colony.

We assume that in any case the

advance would be free of interest.

On this basis, and since the expenditure

undoubtedly arises out of the war, it would seem to

us preferable that the money should be provided

under the Vote of Credit, and not by way of

ordinary grant-in-aid.

That is the more desirable

because it would no doubt be easier under that

procedure to adjust the methods of control to the

somewhat unusual conditions under which we are

working.

I am sure you appreciate that we have

no desire to escape any proper control in this

expenditure, and we have in fact kept in the closest

touch with you as regards commitments already

incurred, in view of the probability of Treasury

assistance being required before long.

The

erdinary machinery of grant-in-sintral is, mer

however, applicable. Even the cases of Burma an d

British Somaliland are not really parallel because

machine

in those cases an effective Government/still existed

after the enemy occupation. So far as there is still a Government of Hong Kong, it resides in the Colonial Office. The application of anything

approaching the ordinary grant-in-aid procedure

would

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