CO129-533-13 Salaries- conversion rate of sterling 30-1-1931 - 21-1-1932 — Page 46

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

46

ments to meet the new conditions

Ov

feriod should

wow

to the

sacrifice

be set

which has bem demanded

from Spieces on sterling salaria

3. The present system should

be continued uut it the end of the

gthe

current financial year, but Ba

sousiden

from the Ist

Ist January, 1932, salaries

should be converted in toto

at the current rate of exchange, subject

to a minimum rate of

one

shilling

to the dollar, and a maximum rate of two

shillings to the dollar. Juffrove the

troduction have the taxation which is

new

necessary to produce

adetetional net

cvenue of $1,922,000.It

(Signed) J. H. THOMAS

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