CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 25

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

working $20M.

4

probably of the

order

25

Ammuming that the

that the rate of collection

of Earnings

and fortits

taxe picks up

the last quarter,

Товаси Tobacco Duty

the only important revenue

to yield less than

estimated. Steps have

is

head likely

originally

been taken to increase

of Toraces Duty and the piral

༦༦ཡ

for the

the

rates

result for

of (40)

unsatisfactory

your may

suggest.

Expenditure

not be

an

the figieves in para 2

i

estimated

at $116M.

for the first mine months

vate

year

will amount

compared

Fo

with

and

at cus

about $155 M. for the

the estimate of

$ 150, 284, 105. This is perhaps not an

This is perhaps not an unexpected result

in view of the heavy additional items

of expenditure mentioned

and it

in

para 7 of (30)

that there

must be remembered

expenditure of

the last quarter

will be further additional about $17M during result of the recently cost of Curing allowances.

Giving

There is

a

approved increases in

no indication in thei

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