CO129-524-1 Reports of Salaries Commission 31-12-1929 - 27-10-1930 — Page 3

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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1

arrangement to provide for the

"in

effect of fluctuations in exchange,

The cost of the proposals is

considerable; but I to not süc.

thuốc

Clementi has proved his case that

the finances of the colony

વૈ

can

stand it.

The revenue must

fortified to meet

in any case be fortiféd

the added burden of an exceptionally

low exchange, (to Elles has

already suggested a sustax for

thing

perpose — minulé 9/18/3 on 72740/30).

It is

quite useless however to take up

with W... the suggestion that the

mcreased revenue nowo

to be found

should be exempt from

The

military contributions.

figures Revenue / will rise (1) because

the value of the dollart has

depreciated (2) because the Colony

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