CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 28

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

28

forward

witho some witèrest to seeing details

Groot. Gading! the supluser realised on

5.

Subject to comments (23) can

think be put by. In Boudillon + Mn

Side bothain may

Care

تھا

see.

>

18/12/50

It is the right policy

create a Development Land

Lund

18 help

weet

especially

two

Cange

future

geveral

Corkpencer

labelites

levense

balance

resis lance

65

would encourage

higher texation. When there funds

und

Excess

loan expactive

final expenditure

سن

we

are

set up

is charged off

should get.

picture of 14 praveral position

Haemer

Facer

(23) discloses a satisfactory position & I need not add to the comments on it contained in Mr Fairclough's & Mr

Palmer's wenates above.

Unfortionately, lower, the Amexcon & Conadion action in probattery the morment of cargoes

t

H. Kry,

Mecas & China

is bound to have a very snow effect in Hong Kong's

trade

& this in turn will affect its sinancial position. At

present all American & Canadian trade all H.K. has been

stopped but when the new amangevents begin to work it

still be primble for some trade to be resurned provided

the goods do not go

to China. Nevertheless the economic

may

blockade of China is bound to have a emediable adverse effect a H. Kay's financial position. We have always been afraid,

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