CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 3

which we were

even taking account of the econoring

we were informed in

/so, expenditure

dive of which para. 60 off (19) for 1950 /31 can be

estimate

on

below the original

$201 million.

that actual revenne

therefore wich eventually

prove to be of the ader

ov

more

Seems

of $270 million

Of 1950/51. This indicates

the conservatisin (to whiche

the degree of the

the Grovenor refers in para. 5 of (1)

opposite ) which

exercised

mi

framing the 1980/57 revenue estimate! Ir also indicates that,

on

the assumption

that the American embargo and other

distinting features

situration will.

A

the international

not affect Story Kory's

economy too seriously, (and this seems

3

to be the assump

on

which the

1951/52 estimates are

being based

- see 'X' in pare 5 of (1) apposite)

revenue estimate is strie

the 1957/52 re

conservative at $247 million although less so than in previous years.

this connection it is I Thrink

In

worth

nothing that the increasing control over

The movement

developed over

of population which has past year - first

the

H.d's immigration control meamos

last May

now

The

mor

ngia

Control sported

being imposed by

the Chinese have probably helped Towards more accurate estimating;

the population being now

more grable as

to total numbers it should be possible to estimate with greater accmacy the