CO129-558-3 Levy on Salaries- petition from Chinese Civil Servants 3-1-1936 - 19-12-1936 — Page 45

45

Although

it appe

aus

that from the

kvenne point pirées the first quarter

Ithe year

is

the best,

the figure, for

See ee

were.

sticking; and the April

midicate that

lee

t's financial position is

1936

au

figues

Eovern

steadily

It is of

Corruse

and rapidly improving.

impossible to

predict what may happen before

the end of

16i

year;

but on the

whole

the shock of

devaluation

/

fades in to the past and the benefits

of lower exchange werden aus reflected

in hade

things should improve still

further.

In the circumstances the Lovernor

might be asked whether

the position is

such that it would be feasible to

accederate the scaling down of the salary-levy.

Fattach

a

draft til. for consoù.

CyCaustairs

22/5/36

The HK

coupled

with

restriction is

مان

scale of levy

the exchangs

coulle

which

Com has imposed,

سماس

cras

1

D

we hav