* In view of violent fluctuations in the 2. dollar exchange it of forsible to

Mr.

Mr.

Mr. Give sterling Sir E. Harding. equivalents

Sir J. Shuckburgh the sums

Sir G. Grindle.

Sir C. Davis.

Sir S. Wilson.

You

sto mentioned

in this memor

Mr. Ormsby-Gore. H may, however Lord Lovat. betalien that

Mr. Amery.

DRAFT.

the

everage

value of the

dollar

affooximately 21-

and it at the sterling

Am fast

Bu 3 new

wi be on this

cquivalent referents

Paris

Andy

one tenth

th

of "dollar figures.

عند

last for year

Revenue

*

Expre

(31

Fri Jan

1923 $24,783673 $21,571,905

1924

&

24,209,640 26,726,428

1925 23,244,365 28,266,817

1926 21,131,582 23,524,716

1927 21,34+4, 536 20,845,065

1928 24,968, 399 21, 230, 242,

It should be pointed out the at the

public finances of the Colony have

very

been

seriously affected in

recent years by the prolonged ferried of

x

Frade

disturbances in the neighbouring

frovinces of China

the Colony autom

ng

1,986,000-

P.T.O

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