YROD GЯODBA ɑma TraЯG
36
. 038 MON
should be made for a further contribution of £200,000 towards capital expenditure from Colonial Development and Welfare Central | funds, 1.8. outside the sun provisionally allocated to Hong Kong from Colonial Development and Welfare. The teler ten went on to explain that, on this basis, the liability for recurrent ex enditure from Hong Kong revenues would be an annual figure rising to
TANG
AM
a maximum of £83,500 in 5 to 7 years time. Theotérя 2011 200 Governor was asked to let us know as soon as possible whether he agreed to an approach to the Treasury on these lines, but we have not yet heard from him. In addition, the Secretary of State has written to Mr. Bevin (on the 24th October) putting this same suggestion and expressing the hope that the Foreign Minister will Authorise his Department to work out, with ours, the details of a joint approach to the Treasury.
You may think, therefore, that until we get the preliminary reaction of the Foreign Office, we need hot put forward suggestions for reducing the amount of capital expenditure required but could keep your proposals on ice" for use, if necessary.
Will you let me know if this is what you had in mind?
23402010
In connection with the figure of 183,500 which va dave given to the Governor as the figure to be aimed at for the Hong Kon, Government's annual contribution, I should explain that when we discussed the elure of 160,000 in this connection, it had not buen realised that in my memorandum on the sources fra which the capital and recurrent expenditure, estimated by the Committee, might be met, of which
7I
3.
43 IMP BO CRE
OT
No comments yet.
Private notes are available after approval.