CO129-606-2 Treasury control over Hong Kong finances 22-1-1948 - 9-12-1948 — Page 69

-2-

69

forwarded to the Treasury for information.

(£)

Treasury authority for "writes off" of losses

will not be required. The Secretary of States authority

will be required for losses over Cash $2,500

Stores 35,000

if fraud, etc. is involved -

(g)

Otherwise Cash $10,000

8tores $25,000

The above control to be reconsidered towards the

end of 1948/49 to see if it can reasonably be abolished.