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DRAFT. value of an officer's salary.
Lord Elgin is under the impression that the average value of the dollar during any one month in the year did not exceed 2/3, and in that case the maximum increase in salary would have been 124%.
18. Paragraphs 8-10 of the memorandum give certain figures and statements as to the cost of living in Hong Kong which have been taken from memorials submitted by Government officers. Lord Elgin would hesitate to endorse all that was said by the memorialists, but it is not disputed that the expense of living in the Colony is high, mainly owing to the cost of house-rent, and that it tends to increase. The figures as to the comparative cost of beef, bread, &c., are believed to be accurate.
10. Paragraph 13 refers to the fact that salaries have at various times been raised, quite apart from any considerations of