CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 30

24

25. Giffer 26. You

1.QRP is

the

30

Sow 215 Conf - 22/2/5,

tre 206

be 313

222-5T

2.

usual quarter by survey of

3.51

Hong Kong's financial position.

an extremely healthy position (one

showro

might add

as

usual).

supers

2. The

months

working for the fist 9

of the year

and stir in

Kvenne

is

about $66 million,

once again largely due to

well above eximiates from duties and miscellaneous taxes fuis etc; railway and post office takings and utility royaltus

Are

also

مليون

Supluses .cam

مج

up

on esinates. These be attributed to

Wijn level

I

the manitenance

both population and

prosperity in the Colony during the year. Earrings a profits tax receipts

for the first I month's

are

however down

the

fro

vata estimate

and this suggests

to me that, other

things

being equal,

last quarter

and despite the fact that expenditure

tewas to be heavy fthe year,

a suplus.

than

A.K.

in the last

may

well achieve

1350/31 working off more

the $7334 million which

they cotinati

writ

ao

likely in para 5

(25) opposite, in which they deal

the 1951/52/Estimates.

3. There is nothing particularly noteworthy on the expenditure side save

appears

that it

G

that tirki's contribution to Hide & for. the gamison has been included under Miscellaneon services o

quoted is

a

10

the Ampleo

amplers after this contub

has been taken account of;

effectively that the

means

this

Surplus

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