CO129-597-1 Estimates 1948 15-11-1946 - 12-6-1948 — Page 52

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

(As

including the possibility of increasing the standard

rate of taxation under the new Earnings and Profits

tax.

3. Expenditure.

reused

(a) Paragraph 14 of the despatch. $24,000,000 is provided under Head 20 Sub-head 24, for Cost of Living allowances etc., and that provision includes $5,000,000 to cover any increases in salaries which may be recommended by the Salaries

is reasonable to suppose that that parrown will be required in Commission, Since the Estimates were prepared, however,

fello

increases in the cost of living and special allowances have

Su

been approved (your letter

increases

of 23 June 9t

and these/will cost $3,750,000. Unless, therefore, revenue

ultimately Indget",

exceeds the estimate there may be a deficit, but it appears from para. 33 of the despatch that revenue has been

estimated on a conservative basis, so that it is quite shul

possible that, in spite of the additional expenditure of that will be required under this Head

$3,750,000, there may st be a surplus at the end of the

yet

year. In approving the Estimates, we shall de se on the

stipulate that

further,

shau

ling that no expenditure will be incurred from the

the 5.455

$5 millions without prior approval.

(b)

Paragraph 15 of the despatch.

Head 20. Item 26. $1,500,000 is

of My's

provided as an initial grant to the Municipality, if one is

(၁)

finding

stimuld be subject &

Brauch, hit-

hod. We propose te approvel this provision on the the came understanding as above that The vote will not be taken up until the expenditure actually becomes necessary.

Paragraph 16 of the despatch. We have not yet succeeded

We are in communication with your 0.7M. in finding an efficiency expert and our ane

we are not optimistic about our chances of finding appear to be remote. the right sort of man for the job. (d) Paragraph 23 of the despatch. Under Head 20, Item 4 $250,000 is provided as a contribution to the War Memorial Fund. The setting

wn of the

the Fund

sook.

Stong ang

a Schame

for

widl

چھ

I met responsibility for mannerting た

assistances

chate

ith live local Volunteer Force.

is the

شهد

degen auto

about hus Funder

ގ

Lose injured

And

Clurring

of members

the

war

$200 100

Bil

mist serving Dive

Laces and

-ncès

Sale unpay is waiting to you

جنس

life have recourtly heard him Hay King.

Kat

Shift mentary M. now had to be prade by Special Warrant as

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.