45
Although
it appe
aus
that from the
kvenne point pirées the first quarter
Ithe year
is
the best,
the figure, for
See ee
were.
sticking; and the April
midicate that
lee
t's financial position is
1936
au
figues
Eovern
steadily
It is of
Corruse
and rapidly improving.
impossible to
predict what may happen before
the end of
16i
year;
but on the
whole
the shock of
devaluation
/
fades in to the past and the benefits
of lower exchange werden aus reflected
in hade
things should improve still
further.
In the circumstances the Lovernor
might be asked whether
the position is
such that it would be feasible to
accederate the scaling down of the salary-levy.
Fattach
a
draft til. for consoù.
CyCaustairs
22/5/36
The HK
coupled
with
restriction is
مان
scale of levy
the exchangs
coulle
which
Com has imposed,
سماس
cras
1
D
we hav