CO129-594-5 Financial Policy Directive 21-2-1945 - 6-10-1945 — Page 18

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HONG KONG

CIVIL AFFAIRS POLICY DIRECTIVES

Revised Draft

FINANCIAL POLICY

23/6/45

In general, as and when conditions permit, revenue should be collected in accordance with the legislation in force

should on December 24th, 1941. In due course consideration will be

given to the introduction of a general income tax.

2.

Hong Kong should remain a free port except that Imperial Preference should be preserved on alcoholic liquors,

motor spirit, and tobacco.

I prefe parar 344 of the oft ab(1)

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3.

Japanese business monopolies should not be maintained permanently and Japanese run lotteries should not be revived. Minor modification in respect of licence fees made by the Japanese may be accepted at the discretion of the General Officer

Commanding.

4.

5.

The Government opium monopoly is not to be restored.

As soon as the situation permits Budgetary Control and estimates of revenue and expenditure should be re-established

in accordance with colonial regulations.

6.

Valid pre-occupation claims against the Government

should be met as and when they can be verified.

77.

Special arrangements should be made to examine and

deal with claims on account of war damage.

8.

The future currency and the treatment of Japanese

issues are dealt with in a separate directive.