CO129-269 - Governor Sir Robinson & Public Offices - 1895 [12] — Page 544

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receipts or a fall in the exchange

value of silver, the percentage assumed

unque proportions, then a case for the

revision of the sterling demand would

arise; but as a matter of fact during

the five years 1800-1894, the average

military contribution of Hongkong has

fallen considerably short of what the

Home Government in 1890 considered a

reasonable proportion of the revenue

namely one of between 17 and 18 per

cent, even in 1894 it barely reached

17 per cent. As regards the current

year, however, owing to the continued

low rate of exchange, the contribution

if continued at the present rate of

£40,000 would amount to nearly 20 per-

cent of the Revenue.

2.

After careful consideration

Her Majesty's Government, have arrived

at