2.
3.
697
days it was
highly profitable
to make such remittances,
though having regard to the rate of salaries and the ent living it was not posible for those refered to to engage ~ largely in such transactions.
2
Of late, havever, for
of
of
lemm
which need not be detailed,
exchange has fallen
20
low that
those who have to remit money
to England suffer a very -material lof. This is expecially hard as regards the Police and others drawing small salaries.
The Public Servants of this
3.
bolany
are;
with few exceptions,
1. entitled to salaries fixed. 4. Sterling, and in
and in
I salaries into local
andosure Mil
ndemure N. 2.
نشد
converting such
currency,
the
dollar how invariably been rectioned
at the par rate of 4/2.
4.
This has at times, as I
have stated, been very
to those m
making
there is little
The recurrence
very advantageons
remittances but
DY no
chance
of
of this position of
affain, as You Lordship may judge from the accompanying Extract from a letter from the Chief Manager of the thoughtang and Shanghai Bank.
5.
I endme, also, in reference
to the sonne topic a Memorandum