CO129-591-7 Estimates for 1946-1947 12-12-1945 - 14-3-1947 — Page 109

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give

locally, its terms and the purposes for which

it will be applied before I could come to any

1

definite conclusion; if, on the other hand, the

expenditure were to be financed by H.M.G. I would

similarly need full information before I could be

committed to it. In the circumstances, I cannot

a decisio on the matter consider this until receipt of the detailed despatch

possiber

ik hag

promised in your paragraph 7 and have been able to

discuss with MacDougall...

3•

ľ 'un haud delay

I will let you have (the results of my discussions

I do not,

with MacDougall, as soon as possible.

of course, wish to prevent your taking any action in

the meantime in connection with expenditure which

has already been approved or with expenditure that

Pensibly

cannot be deferred. I should, however, hope that

you will not undertake any major/commitments until

receiving my gonerał eomments without prior consultation with me.

4.

There are certain points in your telegram on

which I should comment immediately:-

(a)

(b)

It was the intention that the grant to

the Hong Kong University of £100,000

referred to in my telegram No. 202 of

25th May was to be met from Hong Kong

Government funds and I regret if the

correspondence conveyed the impression

that this grant wastto be made by H.M.G;

Cio

I will send separate telegrams regarding your

telegram No. 499 Redemption of 3% bonds, and

re-instatement of sums deposited with the

Treasury referred to in your telegram No.290.

5. I assume that detailed estimated with explanations

will be despatched as soon as possible by air mail.

6.

I presume that you have considered every possible

step to increase revenue in order that the dependence

Ja jeens from H.M.G. should be reduced to the minimum.

auch introductio

of Ricome Tax, mcreasing

duties

liquor, tobacco,

and hey