CO129-334 - Governor Nathan - 1906 [5-7] — Page 544

538

Telegram from the Governor of Hongkong to the Secretary of State

dated 14th. May, 1906.

The constant rise in silver is seriously affecting Sterling Salaries, and the Legislative Council is preparing for action by the Government. I think some relief is necessary, and 1 propose as a temporary measure to pay the sterling salaries for the remainder of the year from the 1st of May half at the current rate and half at the 1shilling and 8 penny rate provided in the estimates.

I likewise propose to pay the dollar salaries carrying Sxchange Compensation as if the Exchange was the mean between current rate and

ce

1 shilling and 9 peney. Kindly telegraph sanction.