CO129-597-3 Estimates 1950 22-2-1949 - 3-11-1950 — Page 276

File No.

272

* SAVINGRAM

Draft

TELEGRAM/

*

* The word Priority may be entered here, if necessary.

To:-

GOVERNOR

HONG KONG,

Mr.

Wallace 9/3

Mr.

Palmar all mute.

Repeated to:-

and alternative draft-

53652/49

Sent.

Mr...

Mr.

Sir

Siddythom

Permt. U.S. of S.

Parly. U.S. of S.

S. of S.

Priority:

To be transmitted :-

No.

In Clear

Reply urgently required. Important.

Code

Cypher

Immediate.

Most Immediate.

Distribution:-

Further action:-

hours

.194........

Restricted.

Confidential.

Seeret

Top Secret and Personal.

(13) + (2)

-

Your telegrams Nos. 173 and 174.

1949/50 Estimates.

1. I am very grateful for this useful

summary of your proposals and have the

following comments.

2. Noted that .. G.'s grant of

$16,000,000 will be included in r venue.

it is not clear what proportion of "

remaining known war liabilit# you think may

remain undischarged at end of 1949/50.]

3. I appreciate your difficulties in

persuading non-officials of great desirability

of increased taxation, cut proposals for this

are in fact very modest against background

of continuing commercial prosperity of

Hong Kong, Tax Assessor staff position

has, I understand, considerably improved

during past year and I had hoped that this

would help to make practicable an increased

standard rate of Earnings and Profits Tax.

All the arguments in f vour of

increasing taxation advanced in my telegram

Wt. 15855/746 5M 6-48 Wa. & Co. 51/3 Wt. 29377/790 50м 11-48 Wa, & Co. 51/3

No.