CO129-262 - Governor Sir Robinson Acting Governor O-Brien - 1894 [1-4] — Page 487

16

482

17

lower now

by about 42 per cent

than they made by the increase of 1891.

I am not unmindful, in drawing attention to this enormous loss, of the fact - that, generally speaking, the value of the dollar for purpose of purchasing strictly local products has been fairly

·well maintained. But it has not been maintained in re-

were intended to be

the

lation to expenditure other than the purchase of strictly local products;

products; and it is essential

to bear in mind that the

purchase of strictly local - products necessarily forms- but a portion, and in many instances but a small portion of the expenditure of an officer

in

"Hongkong. It should also be clearly borne in mind, in the present connection, that the

appreciation of gold in relation to the cost of charges that have to be met in England

(such

as insurance

premia,

education

}