CO129-265 - Public Offices & Others - 1894 — Page 407

800

399

same rate (3/2) as in the previous calculations,

8. It is thought to be more convenient to do so,

and thus assist comparison with the amounts of the previ-

ous programme, than to follow the fluctuations in the

value of the dollar; and it may be observed that

although the present exchange value of the dollar is only

2/- the effect of this reduction in the rate, while it

increases the charge on account of imported Stores,

reduces it in respect of local expenditure.

0. By the correspondence between the Treasury and

the War Office, subsequent to the Tar Office letter of

the 27th July 1998, Hong Fong 2/4566, the proportion

payable by the Colony has been revised from one half of

the total to one third of it. A correction on this

account is therefore required to the figures given in

that letter. These latter resulted as follows, after

sllowing in the case of the War Department for a provisio

of £35,000 from the Imporial Defence Loan.

Por the Colony to find in the eight YEOPB

A

551.794 dollars or £87.387.

The War Department to find in the Annu-1 Potindige

350,742 dollars or £52,387.

10.

The correction to 1/3rd for the folony and

2/3rds for the War Department gives

For the Colony to find -

367,863 dollars or £58,245.

M