CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 211

if the 1948/49 estimated outturn i realised it will

if

be 834 millions worse than that realised in 1947/48,

is causimp..

مدیسه

* Or... ཕ༥,,·

a position which I feel sure you will agree is a cause

abso

for concern] and disappointment in view of the present

m

prosperity of the Colony.

3. In my telegram No.357 of 15th March I stressed the

need for increasing revenue and to that end I asked you

to initiate a review of the Colony's policy in this

regard. In the light of the 1948/49 Estimates, I feel

bound to ask you to continue giving urgent consideration

to the problem to which I shall refer in greater detail

in my reply to your despatch. I trust also that as

envisaged in para. 32 of your despatch you will be considering

the possibility of effecting some reduction in the

estimated expenditure and in particular the possibility

of effecting certain immediate staff reductions which

might be carried out as a result of the preliminary

investigation referred to in para. 13 of your despatch.

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