CO129-235 - Public Offices - 1887 — Page 166

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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of Achial payment.

Practically, by an arrangement which dates from April 1862, as far as the rate is concerned, but in principle from a much older date, the Rupees of the Regulation are converted into Sterling at an arbitrary fixed rate of 2/- 1⁄2 and then the amount arrived at is exchanged into dollars, for purposes of payment, at the rate fixed annually by the Treasury for the payment of British Troops.

Thus, as will readily be seen, the Rupee rates of the Warrant are practically nullified. They might just as well be sterling rates.

(i.e., Rupee rates converted into Sterling rates at 2 1⁄2 per Rupee; and the Hong Kong Sun Lascars have, from time to time, received the advantage accorded to British troops by the Treasury.)

As a consequence of the fall in the price of silver, it happens that at present they are drawing from 6/3 to 15% per month more, according to rank, than the Sun Lascars at Ceylon. Essentially, if the point were being considered de novo, there seems little room for question that the Hong Kong Lascars are not entitled to any relative advantage.

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of Achial payment. Practically, by an arrangement which dates from April 1862, as far as the rate is concerned, but in principle from a much older date, the Rupees of the Regulation are converted into Sterling at an arbitrary fixed rate of 2/- 1⁄2 and then the amount arrived at is exchanged into dollars, for purposes of payment, at the rate fixed annually by the Treasury for the payment of British Troops. Thus, as will readily be seen, the Rupee rates of the Warrant are practically nullified. They might just as well be sterling rates. (i.e., Rupee rates converted into Sterling rates at 2 1⁄2 per Rupee; and the Hong Kong Sun Lascars have, from time to time, received the advantage accorded to British troops by the Treasury.) As a consequence of the fall in the price of silver, it happens that at present they are drawing from 6/3 to 15% per month more, according to rank, than the Sun Lascars at Ceylon. Essentially, if the point were being considered de novo, there seems little room for question that the Hong Kong Lascars are not entitled to any relative advantage.
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of Achial payment. Prack cally, by an arrangement which dates from april 1862, 20 X far as the rate is concerned, but in principle from a much older date, the Rupees of the Regulation converted into Herling at an arbitrary fixed rate of 2/- 1⁄2 and then are the amount 20 arrived at is exchanged into dollars, for purposes of payment; at the rate fixed annually by the · Treasury for the payment of Bucksh Troops. be seen, Thus as will readily the Rupee rates of the Warrant are practically nullified. They might just as well be , ཨ sterling rates. (ie: X seep 220 Art" Fin 185 д 163 ( i.C. de Repse rates converted into Serling rates at 2 1⁄2 per Rupee; / and the Hong Kong Sun Lascars have, from time to time received the aa advantage accorded to British hoops by the Treasury. a as a consequence of the fall in the price of silver, ar 20 that at present they - drawing from 6/3 to 15% month more, according to rank, than the Sun Lascars at Ceylon Essentially, and if the point being considered de novo were there sems little room for question that the Hong Kong Lascars are not entitled to any relative advantage
2026-05-25 22:05:38 · Baseline
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of Achial payment.

Prack cally, by an arrangement which dates from april 1862,

20

X

far as the rate is concerned, but in principle from a much older date, the Rupees of the Regulation converted into Herling at an arbitrary fixed rate of 2/- 1⁄2 and then

are

the amount 20 arrived at is exchanged into dollars, for purposes of payment; at the rate fixed annually by

the

· Treasury for the payment of Bucksh

Troops.

be

seen,

Thus as will readily the Rupee rates of the Warrant are practically nullified. They might

just as well be

, ཨ

sterling rates.

(ie:

X seep 220 Art" Fin

185 д

163

( i.C. de Repse rates converted into Serling rates at 2 1⁄2 per Rupee; /

and the Hong Kong Sun Lascars have, from time to time received

the aa

advantage accorded to British hoops by the Treasury.

a

as a

consequence of the fall in the price

of silver,

ar

20

that at present they

- drawing from 6/3 to 15%

month more, according to rank, than the Sun Lascars at Ceylon Essentially, and if the point

being considered de novo

were

there

sems

little

room for question

that the Hong Kong Lascars

are not entitled to any relative

advantage

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