CO129-597-1 Estimates 1948 15-11-1946 - 12-6-1948 — Page 35

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may be met from the Colony's Colonial

Development and Welfare Fund allocation.

The qucstion whether, As part of a general

financial settlement between H.M.G. and the

Government of Hong Kong in respect of various

liabilities arising out of the war, including

those referred to in your despatch No.292

of the 12th December, 1947, it will be necessary

10

poasible to allowsome relaxatiomof the Consider

PRESCUT Contrel by HMG, over the finances

of Hong Kong is at present under

consideration. It will, however, be

necessary, when informing you of the decis

of H. M. Gi

an the matter to indicate more precisely the over Hong Kong finances exact form future control/ha

and

I hope to be able to communicate with you on

this matter in the near future.

I have, etc.,

a

ka

of the / expenditure

5.

of the Extinale ves

It is observed from

Schedule

that