CO129-597-3 Estimates 1950 22-2-1949 - 3-11-1950 — Page 19

the satisfactory state of I.K.'s finances (see pare 4 ff (26)

compare with 'X' f (22), para s (17)). The long expected "cold draught"

has stile not fit H.K.

li

Churia

nov

neither the situation

factors which have been quoted from time

to tumé

من

the various other disconmaging

likely adversely to affect revenne

have yet succeeded in upsetting H.K's

19

prosperity

revenne

"figures are breaking all

records.

is now

The suplus for the full years working now estimated at $58 million. Looking at this figure of the figures quoted in In Valine is minute of 17/1 for previous

years' surpluses

one cannot help reflecting that with regard to the vexed question of a defence contribution 4.4. could

comfortably

ad

have home the $30 million ber amoun (which they have recently proposed

suitable contribution) with out

any

deductions

in respect of police etc, and still have

shown

a

surplus

lach

year; although on

estimated figures this would

au

impossibility.

have been

'X' in para 5 is vinteresting in explaining The remarkable figures for tobacco and other duties.

of interest in connection with the

on about requisition compensation

'Y' is fight at present going

values.

One cannot help feeling somewhat scaphical after seeing figures like those quoted in (26)