CO129-530-3 Supplementary Expenditure- reports of the Finance Committee and quarterly returns 13-2-1930 - 7-6-1932 — Page 74

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

5.

The deficiency is due to the fall in exchange.

The Vote is already exceeded by. $ 14,553.00

32 chests of opium arrived in Dec-

ember which cost 4,000 Rupees per chest (R.1 18.64d.) = £9,734 @ $1 = 1s.4 9/16d.

=

Freight and Insurance, etc. on above

32 chests.

Total

141,051.17

2,167.59

$157,771.76

$ 499,100.00

A Supplementary Vote is required.

(C.S.0. 11 in 173/31).

Item No.163.- As per Schedule attached.

Personal Emoluments.

Provision made in Estimates, 1931. $6,360,594

Provision made by Supplementary Vote Messages Nos.5 and 11 items Nos.12 and 86).

Total

4,552

$6,365,146

Provision was made in the Estimates for the pay-

ment of sterling salaries on the basis of $1 = ls.4d.

By a resolution of Council dated 29th January, 1931,

it was approved that sterling salaries of Government

servants whilst serving in the Colony should be paid

as to half at the rate of ls. 6d. to the dollar and

as to the other half at the prevailing Treasury rate.

This was modified by resolution of Council dated 1st

October, 1931, affording as from 1st July, 1931, some

measure of relief to officers with families at home.

Even so it was estimated that the extra cost would

amount to $700,000 more than provided in the Estimates. Vacancies in offices and the higher rate of exchange

ruling during the last three months have reduced the amount originally estimated and a vote for only $499,100 is necessary. Final figures for the year are not yet

available

100

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