CO129-626-9 Wholesale vegetable marketing scheme 1-2-1951 - 30-11-1951 — Page 100

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purchase fifteen 5-ton diesel lorries as against the sixteen lorries

purchased for the same amount in 1949. The increase in price is in

keeping with the general increase in prices.

(b) Due to constantly changing conditions since the war it has

been considered impracticable to formulate a Ten-Year Development Plan

for Hong Kong.

(၁)

The ten per cent commission charged is sufficient to cover the

running costs of the Organization but there is no room for heavy capital

expenditure which might tend to embarrass the Organization's operations,

and during this period of strict economy Government cannot afford to

spend money on a scheme of this kind which will eventually be controlled

by a cooperative society.

(a)

Although the Organization has insufficient funds to allow for

large capital expenditure it is desirable that it should shoulder some

responsibility. It is therefore suggested that financial aid be similar

to that under Scheme D. 1066 in which half the money provided was a grant,

the other half being a loan. (The terms of repayment of this loan are

due for consideration in 1952 and the Organization is making provision

for repayment over the next three years).

(e) As stated above, it is hoped that in the future the Vegetable

Marketing Organization will become a cooperative project. This will no

doubt take several years to accomplish during which time the Organization

will be under direct governmental administrative and financial control.

Not applicable.

(f)

(8)

Not applicable.

(h)

None.

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