CO129-624-14 Finances- relief stores- Hangover stores and Siamese free rice 1-7-1948 - 31-12-1951 — Page 65

Code

PRIORITY

No. 376

INWARD TELEGRAM

TO THE SECRETARY OF STATE FOR THE COLONIES

COPY FOR REGISTRATION

FROM HONG KONG ( Sir A. Grantham)

D. 12th April, 1950 R. 12th

08.35 hrs.

1452

61

11

12

APR

XI XII

1950

T

(7)

9) Your savingram No. 320.

2。

Financial Conference.

Reference "relief stores purchased from grants-in-aid" referred to as category B in your telegram.

3. Of these grants £2,500,000 (sterling) was advanced during occupation of the Colony and before the return of Civil Government to meet deficit of revenue after using transfer of nearly £2,000,000 (sterling) from Exchange Fund Account. The remaining

advance of £750,000 was similarly used towards meeting payments arising out of the war. On investigation, it does not appear that it can be said that any of the free grant was used for purchase of relief stores which were re-sold, and this aspect appears to be covered by account for B.M.A. stocks and "hangover" stores.

stucks

4. Your telegram No. 422 provided first information of value of stores supplied by His Majesty's Government. will be possible to account approximately for difference of

I hope it £1.2 million in time for Follows to bring this information.

Сбра

t

R. G. Marris, Tay.