CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 182

153

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

C. O.

Radford

Mr.

Wallace

Mr...

3078

318

And

Mr.itguard by M. Budiler,

Mr.

Mr.

DRAFT.

53652/48

Permt. U.S. of S.

Parly. U.S. S.

Minister of State

Secretary of State

Your Reference...........................

In Tressmy

حمد

See clean draft

GOVERNOR

HONG KONG

(9)

FURTHER ACTION.

Sir,

(14)

(8) (14)

(18)

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 telegram No. 751

of the 7th July I now convey my formal

approval of the Estimates and inform

you that His Majesty's power of

disallowance will not be exercised

in respect of 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

asked

revenue structure and which 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. sources for projects in the

New Territories I said that I was

considering