CO129-452 - Others & Individuals - 1918 — Page 85

Telegram from the ecretary of itate for the Colonies

to the Governor of lion, Fong.

(Sent 12.4 p.m. 20th May, 1918.)

83

period from August 1914 to January 1916 was below the

average increase in other trades, the calculation will be made so as to approximate the particular rates of increase to the average rate, but the exact method of ascertainment is still under enquiry.

I am,

Sir,

Your obedient Servant,

Your telegram 17th April ate of payment to be made to owners of requisitioned shire has been determined by Shipning Controller in consultation with Treasury. Payment will be made in long bong on half the hire at, two shillings the dollar and on the other half at the rates

of exchange on the day on which payment is cue. It is

considered important that financial arranger ante unde

under Colony scheme should not be more favourable to ovVNCIB

than those to owners under lmperial Scheme and under

latter scheme Managers and umere for period ending 3th-

Kovember 1917 were paid ordinary commission on current rates of freight but for period beginning 1st December

1917 commission to them will be calculated at the

customary rates on freights in force in aŋtury 1916. the case of the two China Companies under prorial scheme above arrangement has been modified so that if increase in freights during the period from August 1914 to January 1916 was below the average increase in other trades the calculation will be made so as to approximte particular rates of increase to the average rate but spict method

of ascertainment still under enquiry.

LONG

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In