CO129-606-2 Treasury control over Hong Kong finances 22-1-1948 - 9-12-1948 — Page 6

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equivalent in dollars. Sir Sydney Caine's letter of the 10th May has, however, left the door open for us to go back to the Treasury again, and my general idea would be that, provided the Governor agrees, we should go back to the Treasury on the lines of continuance of control for one year on the basis proposed above, the matter then to be reviewed with a view to the relaxation of control entirely, provided that the Colony's financial position continues stable.

13.5.1948.

26

Alt, a 650 B/As. 12 D. R. Lerpull (In) 13 J. I. b. brombie (Jay).

14

20-5-48.

1.F.236/07

14-5-48

E.O. Memo, on H.K." "Treasury" Control

M' Wallace

/we lefr

a copy of No. 14

with the Treasury for their considerate

will

reply

que

Course

in

and

they

In their view

Baths

HK's present

due

to circumstance

only temporary

powerfenty is which are only and be

before agreeing

to abandon

Treasury control, they would