CO129-624-14 Finances- relief stores- Hangover stores and Siamese free rice 1-7-1948 - 31-12-1951 — Page 61

Code

INWARD TELEGRAM

TO THE SECRETARY OF STATE FOR THE COLONIES

13

59

PRIORITY, 6.411

COPY FOR REGISTRATION

FROM HONG KONG (Sir A.Orantham).

D. 19th April, 1950. R. 19th

#

09.25 hrs.

RECEIVED

20 APR 1900

COLONIAL OFFICE

(9)

Confidential.

Your savingram No.320.

Financial Conference.

54126/14/50

Prom audited B.H.A. account, which Follows will bring, after including subsequent recovery in respect of hang-over stores it appears that small profit has been made on disposal of zelief stores.

12.1

Government therefore propose to account for full cost of all relief stores disposed of including those ecld in 8.4.A. period,

In these aizsumstances allocation of Siamese Prea rice becowes academic sancs thie Covermanent beeing borne fall cost charged by the War Office obviously becomes entitled to cadit for contribution of 181,000 (sterling).

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Pos11200 sftop allowing for eatinated value of stocks taken over by Government as part of eupplies arranged as military period ocamitments (Sobeduis A of Young and Brett Indent) which were either delivered or should have been delivered in B.H. A. period 16 as follows:

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Total cost 4,175,300 (sterling) less gooda retained by Government departments 2843,900 (sterling) less supplies without payment to Garriges £39,000 (aterling) equale cost of relics storen $3,292,400 (sterling) less share of Siamese- free rice contribution of £183,000 (sterling) azotnt due to H. M.Government £3,311,400 (stovling) wont already paid £3,017,100 (storling) leaving (? amount omitted) due to H.M.Government 294,300 (sterling).

In addition a payment of approximately £66,000 (sterling) bea been made locally to the Servicos for atores supplied to Government departments after 3.4.A. period, It 1a Bot knowa definitely whether Sheae atores core part of those mentioned above.

5.

I would add that I.M. Government'e grante of £4,250,000 (storling) are seen as contributions towards hoo productive 787 00ste smowating to rather more than 29,500,000 (sterling) which have been charged to this Government. Bos1008

this Bong Kong has, of course, had to meet. very heavy rehabilitation expenditure which will finally exceed £10,000,000 (sterling). It must also be remembered that war damage claims, which it has been decided not to purene, 0a a conservabive estinute totalled £25,000,000 (aterling).