3
10
656
that the dollar would have
to decline 24d from its _ present value (84/22) or to a lower point than it has yet reached in order to
require
an increase.
equivalent to the 40 per
vent recommended by the Committee in the first
instance; while
if the
dollar were to increase in
value, which according to
recent indications seems
probable, the addition to
salaries
salaries would decrease
proportionately.
9.
This fluctuating-
amount of salaries is, of
course, open
to some
objection; but it has the
that it preoludes
advantage
for the
future all
of the
many complaints which
are made in
respect of a
fall in exchange, and
puts
moreover
an end to
the anomaly according to
which
an
officer receives
on
$