Sessional_Paper_1939 — Page 91

SIR,

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HONG KONG, 5th April, 1939.

On 9th December, 1938, in pursuance of the intention stated in Your

Excellency's address to the Legislative Council on the 13th of October, 1938, we

were appointed by Your Excellency

"to consider and report what methods of taxation could best be

adopted in the Colony, should it be necessary to raise additional revenue,

having regard to the Colony's general economic position and the importance

of distributing any additional burden in the most equitable manner in

relation to the incidence of existing taxation."

We have the honour to submit our Report herewith.

We have the honour to be,

Sir,

Your Excellency's most obedient servants,

(Sd.) S. CAINE.

JOHN FLEMING.

V. M. GRAYBURN.

M. K. Lo.

D. J. SLOSS.

His Excellency,

Sir GEOFFRY ALEXANDER STAFFORD NORTHCOTE, K.C.M.G.,

&c..

&c.. &c.