CO129-606-6 Hong Kong Loan- Financial settlement 7-3-1949 - 23-12-1949 — Page 50

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

48

(15) on '47 file.

involved.

Allen in his report

paragraph 5 (e) sugests as a basis that

the Hong Kong Government should bear

35% and the United Kingdom Service

Departments 65. The Service Departments

would, I imagine, be against making

contributions on that basis.

Nevertheless

if we take the maximum amount of the

claims as $25 million - see paragraph 5 (a)-

or say £1 million, then we must

consider to what extent Hong Kong has

already received any assistance towards

meeting this type of claim from His

Majesty's Government in the form of the

free grant of £1 million. That grant

was not specifically related to any

particular liabilities, but was intended

to assist the Hong Kong Government in

dealing with many items of expenditure

which that Government considered as

morally the responsibility of His

Majesty's Government. In my letter to

Serpell of the 2nd March 1948 I enclosed

a schedule of the various liabilities which

the Hong Kong Government considered

should rest on His Majesty's Government

amounting in total to £5 millions which

included £1 millions in respect of

denial claims. In fact, the Treasury

at first did not agree to give any

assistance in respect of that total of

£5 millions, but eventually a grant of

£1 million was agreed to at the last

moment,

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