CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 7

*i.l.

270-247

approx

meeting Hik.'s 1950/5, contribution to H.M. G towards the cost

cost of reinforcements,

Ata (9

say possibly

no information

based

as

have

as to whether the $70 mill:

original

is a suplus for the Gminates in which

the contribution

was

not melnaed

Whether it is a

or

smphs after allowance hav

been made for the contribution). Other

which we have no

information

but which may help to reduce

items on

this suplus

my

minute

any

were detailed at 'f'

9/18/12/50

xf.

on

150.

clear that In this

very

case it seems clear

litter will be left over.

case the

Colony's supten balances will remani at roughly their figure for 31/3/50 i.l. $154 million (see para 2 of (21)

- /50). Of tem amount of my memory

Jerves me

correctly,

at some stage informed

the Governor has

that $70

million has been committed in stock piling essential supplies (and the Governor thought this figure might vise to $100 million). In

this does

not leave the

any

the Colony

event

Ligh

very large margin to work ou even if 1951/52 revenue is as in 1950/51 (which in probably the best

11 only about

a

my

crew

and

من

H.K. cam hope (or)

further $20 million would be added to the supluses.

on

Aganisk this Hong Kong mund consider the prospect of financing, at least largely from her own resonas,

a

development

7