CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 62

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that the Colony should be in a position to see from what source funds are likely to be available to smplete the project. I molose a copy of the 1950/51 Estimates' and covering despatch, which gives the Colony's present, financial position, and of the 0.A.G's despatch No. 72 an the Tai Lem: Ginng project.

2.

The Colony's present financial position can be Lumarisod as follows:-

1.4.49 Surplus

Millions

Millions.

72

1949/50

Revenue

249

(See para. 8

H.M.G's (£1 million grant)

16

of despatch

No. 57).

Total revenue

265

Expenditure

185 Surplus

80

152

1.4.50

1950/51

C

Surplüs

It is too early to forecast with any abcuracy what the out-tum is likely. to be, bút a surplus of at least 18 million seems likely.

160 (£10m.)

The following