CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 168

[7713) Wt. 40552/714 50m 2;48 C.N.Ld. 748

C. O.

53652/48

Mr.

Radford }

30/8

Mr.

Wallace {

Permt. U.S. of S.

Mr. Agreed by Mr. Bourdillon

31/0

Sent to Tsy. 4/9

for conson.

Parly. U.S. S.

Mr. Paskin 3/9 fs.

as draft.

Mr.

Minister of State

Secretary of State

169

Your Reference .

24-8-48.

DRAFT.

DESPATCH. No 303

For Treasury concurrence.

GOVERNOR

HONG KONG

(9)

FURTHER ACTION.

Copy with coups. to Mr. I.P. Pancroft,

24-4-48

Sir,

I have, etc., to refer to your

despatch No.100 of the 7th May, 1948,

transmitting copies of the Colony's

Estimates for the financial year

1948/49. In confirmation of my

(14)

telegram No.751 of the 7th July I now

convey my formal approval of the

Estimates and inform you that His

(8)

(14)

(18)

Majesty's power of disallowance will

not be exercised in respect of the

Appropriation for 1948/49 Ordinance

(No.11 of 1948) enclosed with your

despatch No.82 of the 19th April, 1948.

2. In my telegram No.751 I said

that I considered it still necessary to

give permanent strengthening to the

revenue structure and asked if you would

consider further as early as possible

what measures could be taken to this end;

and I referred to the possibility of

increases in the taxes on liquor and

tobacco and in purchase tax.

In my despatch No.209 of the 13th

July, 1948, about assistance from

C.D. & W.