CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 270

OUTWARD TELEGRAM

FROM THE SECRETARY OF STATE FOR THE COLONIES

53652/50

0069

TO HONG KONG (Sir A. Grantham)

Sent 4th April, 1950.

22.45 hrs.

PRIORITY

Ho.482.

Confidentiel.

386

7

Your telogram No. 335.

Botimate

In the circumstances I agres compromiss proposal on the aesumption that Businese Registration Pax will produse sufficient yield. I nevertheless truet that possi- bility of further increase in rates of direct taxetion will be borne in mind in the future.

Gopy sent to:-

Treasury

Col. Ruga911 Edmucde.

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