CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 5

development programme, financed from

current revenue owning

to (b) above. In

connection with development

9 a

disappointed to see that no mention is made in (1) opposite of the Tai Lam Chuing water supply scheme

the mort

important single piece of development work to be done in

the Colony; this

not be because the maller

Can

has

I therrike rely

may been ignored (we In Bowning, the new D.P.W.

an

press for "but simply

to Atay

early start on this because expenditure

it at such an

on

early stage in the

scheme is not likely to be significant.

4. It is interesting to note from

of (1) opposite that,

para. 6

mis read this, the tax to which we

an alterative to

Nate

of income o

business

agreed

unless

registration

last year

Ang

2

increasing the standard profit Fam

by

a

further 6d in the It has not yet

been collected;

proposes to

rance

and

now the Governor it from $300 to $200 which would bring the yield down from $6 million to $4 million. personally do not feel like opposing this reductions since I consider the tax and niquitous one

small man

anyhow, hitting the

man just mare but I do feet.

an

the ing

hand as

we have

some

Hory

profit tax

cause for complaint to Hong Kong

a,

wve

increase

only agreed

income

to the smalle

and

5