CO129-526-12 Proposals to raise additional revenue due to revised salary schemes- etc. 16-6-1930 - 23-2-1931 — Page 17

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

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are that there should be a 15% addition to existing

nominal salaries, plus the payment (at the discretion

of Government) of High Cost of Living Allowances to

officers not exceeding 15% of the nominal sterling salary

of married officers and 7% of the nominal sterling salary

of unmarried officers, and that sterling salaries should

be paid at the current rate of exchange, (the average

for the preceding month).

The Commissioners expressed the opinion that "there

is some probability that the dollar will remain in the

region of 2/-", and worked all their examples on the basis

of a 2/- dollar. It was shown in the case of a married

man receiving £1,000 per year that he now receives $1,120

per month, and would receive under the Commissioners' plan

at a 2/- dollar approximately $1,102.10 per month. We

desire to point out that such an officer would to-day,

when exchange is standing in the region of 1/5d., receive

approximately 1,555 per month. An unmarried officer

receiving £1,000 a year now would, under the Commissioners'

plan, receive approximately $1,030.20 per month, but at

present rate of exchange his monthly pay would amount,

approximately, to $1,454.

While it is true that, since the Commissioners'

report was presented, local costs of living have gone up

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