CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 11

U.S. A. embargo.

I suggested that

prosperity

time lö

reseve,

as

still contermed,

increase texation

15 assist

the commercial

this

was

the

to build up

in financing

capital developments, such

as the water

ag

t

would

be difficult

Taccction

at

limme

when

a

supply scheme;

to increase

trade

was

in the future.

decreasing, should this happen

It also appeared

that

me

mcrease

HK.; refusal to

contemplate

any

in Evation

whilst

proposing

to reduce

Forwards

the amount

off

the

cost

that there

of

to contribution

of re-inforcements, indicated

WRY

a lack of appreciation

the additional burdens which would

Lave to

in

be borne

the UK. taxpayer.

borne by the UK.

mr book however

present cercumstances

we

"were bound to

the Governor

considered

that

HK. and China,

Ķ

L

the vasis

д

accept-

offerences in pare 9 of Mr. 1,

and the Minister of State accepted this.

Nevertheless the

of M Halli minute

pornto

to at A and

B

should be

made, except

of

the despatch

at No. I

54307/50

(tabled A)

70

as

not to

the

give

That A should refer to para of

impression that any

automatically allows

arcem

ere

As it is desirable that

in texation

to the London market.

duy

Telegram

Thould reach Ih before y = March, I suburt-

a draft, very much for conson,

but the Depor.

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