CO129-624-14 Finances- relief stores- Hangover stores and Siamese free rice 1-7-1948 - 31-12-1951 — Page 93

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allocations, 10.6, was considered to represent

Hong Kong's notional share of £1,707,600, er

£181,000.

5. In the light of further considerations

which has since been given to this problem I now feel,

however, that it can reasonably be contcnded that the

proceeds of sale hring the period of the British

Military Administration should legitimately be treated

as reducing the cost of that Administration since the

latter was functioning in place of the Civil

Governments; and that as the net cost of the B.4.A.

has been borne as a final charge on U.k. funds, H.M.C.

has in thiɛ manner discharged to Hong Kong its

obligation to Hong Kong in respect of its share of the

£181,000 related to the B.kl.A. period.

6. As regards any part of the rice which may

have been sold after the Civil Government was re-

established the proceeds of which, subject to the

further informɛtion asked for in para. 3 above,

presumed to have been paid over to H. X.G. as part of

item C(b), somewhat different considerations arise,

It is of course impossible to say whether or not this

particular rice resulted in sales in the period

subsequent to the military Administration period, and

any division between receipts from sale during the

periods would have to be on a purely arbitrary basis,

Moreover it is clear that on the arbitrary basis of

assessing Hong Kong's share referred to at the end

of paragraph ▲ above, any notional credit due to the

Colony has no relation to the actual rice delivered

to, and therefors sold in, that territory. It appeara

that