ርቦ
Mr. Wallace 24/11
TELEGRAM
To:--
Draft
*
File No.
* SAVINGRAM
34
The word Priority may be entered here, if necessary.
GOVERNOR, HONG KONG.
Tay.
53652/48.
Sent.
hours.
Mr.
Mr.
Palmer 84v Burdillon 12
Repeated to:-
stres
Mr. Sidebotting it
Sir
Permt. U.S. of S.
Parly. U.S. of S.
S. of S.
Priority:-
Nil.
Reply urgently required. Important.
Immediate.
Most Immediate.
To be transmitted ;-
In Clear
Code
Cypher
9XT 1948
No.1236
Restricted. Confidential.
Secret.
Top Secret and Personal.
ISC
I am very grateful for your reproty. The
delay
12
replying
thereto is regretted. hubject to claufication of certain points refered
To below,
I consider
you have
that the informationg given
^
form
enables lure
which sy
to see the Reel
general financial position of the Colony
Distribution:-
Further action:-
Copy to Treasur
craft herewith.
az w..
Wt. 21408/757 10m 7.48 Wa. & Co. 51/3
(30)
:
Your Confidential savingram No. 699.
Financial position and policy.
1. I am most grateful for your Report.
2.
Paragraphs 1 and 2. I note that the
total of all revenue for the first 6 months
of the financial year is approximately
Than
$6 million more and half the estimated revenue
for the year, yet the total of revenue for
the first six months under the principal
Heads quoted is more than $1 million less
than half the estimated revenue for the year
against the same Heads. This presumably means
that a number of comparatively unimportant
Heads have yielded more than was estimated.
3.
I note that
Paragraph 8. It is encouraging that you
are expected
are able to expect considerable savings/under
bust that these will many Heads of expenditure provided for in the
be offer by additional expenditure not provided
Estimates.
4.
in the bathinates.
Paragraph 9. I agree with your intention
to discharge as many of Hong Kong's outstanding
liabilities as possible during the current year
a
without thereby incurring any deficit.
5.
No comments yet.
Private notes are available after approval.