CO129-533-13 Salaries- conversion rate of sterling 30-1-1931 - 21-1-1932 — Page 78

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

75

Appendix "A".

in collar?

2.14.19.

for the payment of the High Cost of Living Allowance was

not adopted.

The Civil Service accepted uncomplainingly the

decision not to continue to pay the High Cost of Living

Allowance.

In Your Lordship's telegram of the 25th March,

1930, to the Officer Administering the Government you

expressed surprise to learn that in Hong Kong the cost of

living was higher than in 1920. You commented that the

committee gave no evidence of this and you directed that

steps should be taken in the course of the year to compare

carefully the comparative cost in 1920 and 1929, with a

view, if the figures warranted it, of withdrawing or

diminishing the cost of Living Allowance.

In the official "Hong Kong Trade and Shipping

Returns" for February, 1931, there was published, at pages

VIII and IX, a statement showing the index number of

wholesale prices as ascertained by the Statistical Branch of

the Imports and Exports Department.

Petition.

A copy of this publication accompanies this

This statement shows that taking the index number

of the year 1922 as 100 the index number for Foodstuffs had

by July, 1930, reached a figure of 143.6 and had by January,

1931, reached a figure of 144.2.

The index number taken for the average of all

articles had at the dates stated reached figures of 131.0

and 140.2 respectively.

It may thus be accepted that the cost of living had in the eight years ending January, 1931, increased by 40%.

The cost of living is moreover still increasing

considerably from month to month.

2.

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