CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 39

SAVINGRAM

To the Secretary of State for the Colonies.

From the Governor, Hong Kong.

Date

- 3-

level and does not appear yet to have been affected materially as a result of the change in the political climate resulting from developments in Korea. A certain time-lag was, however, to be expected and the possibility is always present that some change in the international situation will seriously affect the Colony's financial position.

V.

39