CO129-597-2 Estimates 1949 1-3-1948 - 14-7-1949 — Page 268

c.&

Mr.

To:-

Calmer spalince

Mr. Wallack

Mr.

Mr.

Mr.

Mayle

Permt. U.S. of S.

Parly. U.S. of S.

S. of S.

Draft

TELEGRAM/SAVINGRAM

Governor, Hong Kong

Repeated to

ала

To be transmitted :-

In Clear

Code

Cypher

draft

File No.

20

Sent.

hours.

194...

Priority :-

No.

Nil.

Reply urgently required.

Restricted. Confidential.

Important.

Slat

Immediate.

Most Immediate.

Eopteret.

Your telegram

و

No. 234. 1948/9

revenue estimated

note

$150 witheri's

on

basis

Conservative

Es tiendas

Distribution :—

D. R. Serpell (Treasury,

Further action :—

and expenditure $148,750,000

thus shaving a

Deducting from

arrean

relating to of fondeture

small surplus.

revenne

destucking two tems

your belegram

$10 millines

current year

would

un para

result tadrente

an

however

deficit of $2,200,000 which

comewhat вливый

a

is

mind

by disappointing bearing that this is the third

Famal year ance liberation and

Fredel

ooh commercial prosperity i

being expenenced

2.

в

revised

Current

Cook prowad

C^^

Vọng trong

revenue estimate

year $147m after allowing

für $10

m.

arrean

To next year

carmed

forward

actual cash

revenie estimated at $137m.

3. What is revised estimated expenditure current year..

4. Grateful for further information

S.T. 1. profit.

regarding