CO129-522-8 Military contribution payable by Hong Kong 3-1-1930 - 5-8-1930 — Page 8

C. O.

Str. Martin 30.5.30

Mr.

My

31

Genauson Ellis

Sir C. Bottomley.

Sir J. Shuckburgh.

Sir G. Grindle.

Permt. U.$. of S.

Parly. US. of S.

Secretary of State.

Secreta

(31 on 62761)

DRAFT.conson

Hory Kony

Conf.

Gor

CAFE 5WOVEN 47.

72761 11

10

SIT

10

June 1930

8

Sir

With

ref.

to fara 2

Su

C. Clementi conf (2) des h.

of the 21st Nov last, suggesting

that in calculating the cost

the H.K. gamison as

expressed in sterling

The

Commercial rate of exchange

should be employed, I have

ete to inform you

that 1

have been in communication

with the WO. on the is point,

2/

Pa

9

+

"

a

2. After due consideration,

e

2

the

consultation with the Lords Cos

Treas 4, the Army Council are now

brepared to

apres

that whenever-

the cost of the garrison determines

the military contribution, commercial

rates of exchange shall be not for

converting into dollar

the sterling

portion of the cost of the carrison and

3

real

aue!,

ノ

with the detition of the Cocal expenditure

calculating the number

in dollars, so calculating

of dollars payable by the Colony as

contribution. For this furfore it is

proposed to utilize the monthly

average of the daily rates of exchange fublished

fuftested

P

6

Pa

Pa

C. O.

Mr.

Mr.

Mr.

Sir C. Bottomley.

Sir J. Shuckburgh.

Sir G. Grindle.

2454

Permit. U.S. of S. 62761

Parly. U.S. of S.

Secretary of State.

DRAFT.

§.

the London Press as was

done in the calculations

enclosed in aveedying

10

conf (2) dan of the 13 left my dork to sit

Cast

Clementi.

3. The Army Council state

that the use

of these farticular

10

rates of exchange, mot-rod of the official rates of exchange, in preparing the annual statements of cost by Votes, will entail

a considerable amount of

additional clerical labour &

accounting. They agree,

however

to undertake the is in the event

8/

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