CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 4

such stunst

an

efflux of

revenne to be expected from as duties, fines ete and therefore (again banking serious effects due to the American unbayo te fuitas canning unemployment and population to China) it would seem safe not to leave quite such a

margin as hitherto, in estimating, to allow for contingencies. Much of the amplers in 1950/51 & in earlier years

reveme

from duties

suplus

was

due to

(notably tobacco)

dutres (notably

meal and

and entertainment; meal

taxes

see e.g. para s

3. The increase

other

(1) opposite.

in the expenditure

about $32 million

estimate for 1951/52 (of

Compared with 1950/51) is largely

and is caused by

in evitable

(a) unsettled conditions in the 7.5.

< (a) the

fact that H.K. is unable

to raise a loan

It is worth noting that the increase

over 1950/51 is

not

not really

as

laye

as

is suggested by comparing estimates suice the 1950/51 estimates contained no provision for the $16 million paid 't. H.M. G as a

contribution towards

the cost of the reinforcements whereas the 1951/52 estimates do nichude $5 1⁄2 million for this purpose. Of The other $24 million part is due to

the increase

of the curi defence

and

other requirements which can be land

at the

dcov

(a) 8

above

ana

part

is due to starting a five year