CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 22

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22

mind.

the draft Aposite the sort

Яг

had inn

tome

Judging by

om

the

past experience of Hike's budgetting that the estinate of their financial situation in

Es bout the least favorable that ins likely to be realised in practice. Recent trade figu ures show little sigin of waning

draft

من

H.K. may well finish the

handsome surplus

a

-

you again they are

will

already

year

and trade

better than last

year

(Which

half way through the

are

figures

they

do not

produced an

$80 million sumping) though

now to be stèi on

appear

other hand you

the increase. Cen the other

think it undesirable to be too

may

optimistic to H.K.

cin

view of

itre

of their incurable pessionisin or in particulen in crew

measures reported in para 6 of (19).

economy I thought that the

However

they would at the

I thought that the mygestion that

still be very comfortably off ene of 250/51 1957/51

a good way of the desirability of setting

emphasising the

some

Coan expenditure against surpluses

Winch

, на мі (5),

that

can be done without reducing cash reserves below the cmonthis level Ir also helps to make clean

suggested

wre

realise that despite perennial supluses : H.K. stůl needs to borrow money.

If however

you

"Jeneral comments

amend or

do not like the

you

will

no dombe

delete siit ab

suitably

In Hall should see.

I

agree

The draft

with the lavino

9

12/9/50

Bremer 14/9

Illall

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