1
94
£
(a) Loans from H.M.G. 1943/4
250,000
do.
1944/5
600,000
do.
1945/6
1,650,000
do.
1946/7
750,000
£3,250,000
(b) Loans to be raised on the
market in respect of special expenditure in
1946/7
1947/8
$40,000,000 60,000,000
£6,250,000
(c) In addition, Hong Kong
had pre-war loans out- standing amounting to (say)
Total estimated indebtedness. to 31.3.48. (1) Treasury
(ii) Fublic
£1,000,000
£3,250,000
£7,250,000
3. In addition to the above indebtedness it seems from paragraphs 9 and 10 of the Governor's despatch No.48 of 24.7.46 that further expenditure in the region of £10,000,000 will be required to rehabilitate Government owned property, schools, railways, etc. although part of that expenditure is possibly included in (b) of paragraph 1 above. In paragraph 20 of the despatch No.164 the Governor estimates the War Damage bill at 8740,000,000 (£46,000,000). Thus we can envisage that Hong Kong's liabilities as a result of the war will have been increased from £1,000,000 to anything up to £66,000,000 as follows:
!
/Pre-war
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