CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 209

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

209

rehabilitation expenditure in the next few

years, to say nothing of need for developing

additional social and other services in the

near future. I feel, therefore, that it is

still necessary to give permanent strengthening

to the revenue structure and should be glad

if you would consider further as early as

possible what measures can be taken to that

Although I appreciate that at this

end.

early date after its introduction increase

in effective rates of Earnings and Profits

Tax would not be feasible, I should not have

thought it impossible to make further

increases in taxes on liquor and tobacco; +

!

MARG extended purchase lax & no don'tsforher possibilities will Horely examined.

I trust that possibility envisaged in

paragraph 32 of your despatch of effecting

some reduction of estimated expenditure, and

in particular immediate staff reductions

following on preliminary investigation referred

to in paragraph 13 of your despatch, will be

pursued energetically.

he

(9)

:

SECER

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