a recent increase

fact of a recent 16453/92 St FMS officers

UStates

may

to stand un

the way

of their receiving Compensation allowance.

There is no

suffer, as to the increased and increasing cost of living.

very likely

may

in

While be time, that the

question, I

Hay Kay.

flagrant and more than

wined huge been so marked

rantly the

that the case is more

more in need of a

that of the Malay

than even

femibula.

he

t to the question of expense.

without following M. Messe's calculations

I think Hong Kong

can

stand it. I'd say that the estimate

is quite inadequate

for the vote for

it is

47

and

is

Exchange Compensation - which we should then, speaking roughly, be $120,000.

But the revenue is certainly elastic, and could probably be

in the Estimates, increased; and on this separately, Then suggested a heavy reduction in Public Works Extraordinary. If this proposal is

approved,

it should be done when the

but in a separate

Estimates.

A.F. 5/12

I argue that we

double exchange

311

ought to fix the Hay

next and

exchange compensation in Hong Kong from 9 January that ultimately should fix the

rates all Hong Kong

starting

the same

scale as the Straits. But I would wait. The grant conditional

taken to increase

stips b

at H.

ena

on cumédiati

the

revenue

at least $350,000.

the Harbour

to

on the form of the increased taxation we should refer, not only Ms. Messer's suggestions but to correspondence for four years in which we approved increased taxation on stamps & spirits, increased Assessed Taxes, but rather demurred to increasing

Dues. We might include in the telegram proposed on the Estimates the above proposal, expanding in desp.

CWJ 4/12

ion estimates

tra cost at

CP

A

A

+4669-3000-8-01

(AF)

I think, we must make the concession

abroad but I would tell them that the Legislative Council

proposed

Governor

must be consulted & must express

their willingness to give it, and

stop them. Necessary to take sister die

to new steps to raise additional

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