CO129-555-2 Estimates 1936 30-8-1935 - 29-1-1937 — Page 17

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

17

recently, have been the case.

a

Further,

my important proportion of starting expenditure is in salanes. bring,

again, to the fall of the dollar,

dadboxrated

a

80% cut in stedding

Xas

compared with

ratesavailable till

quite recently

payments would not affect values

X

expossed in dollers.

(a)

is

This indicates

that sterling expenditive

the most promising sounce of

Economies.

by kat a

salary out will hol

penalise ciod recipients

in

then proportion to the relief thuss accorded to the Colony's fincences

(assuming & course that there is

у

Cost

startling rise in the fee of

no

hoing).

Certain measures

measures of Econoury

kawe

ahead, been

considered for app

lication

in the event of Emergency.

general

1. transference to geur al revenue of

$500.000 from the profits

ότι

the Trade Loan

This

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