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

c.f. minte of

-/50

18/12/50

1. Gov

الأليا

To Goo Joony Kory

Tam Hall Mr Paliner

tel 206

2

༢༢.༢.༠/

El 28//ory on 94003/10/51) — 24.2.51 tel 225 (ony on 94003/10/51) — 27.2-51

1. In (1) opposite the Governor outlines the proposals for the 1951/52 Budget which he intends to put to Legislative Council on 7th March. The story told by (1) is

much the same

Surplus

ow

as usual

a

large

the current year's working,

a

comparatively consorative estimate of

for 1951/52 and

the impossibility

revenue

of increasing taxation beyond the present level of 2/6d in the t. In the following

paragraphs

I have commented

points of particular interest. 2. Revenue for 1951/52

en

is estimated

at $247 million and expenditure at

an estimated sumptro

$233 million giving

&

about $14 million. These figures compare with estimates for 1950/51 of $204 million

$201 million expenditure

revenue

and

The Governor does not in (1) opposite gio's figures for the revised

revenne

expenditure estimates for 1950/51; he

does however

simplu

say

that he expects

the years working f

a

of

Some

of the fact that

$70 million. In view of.

a consider able

amount of supplementary

expenditure has been necessary during 1950/51 it seems unlikely

that,