20
671
the scheme the £1 sterling-
was
taken as
equal to $650
which was about the rate of exchange when the calculations were commenced. Exchange is now at 3/21⁄2 to the dollar, so that if the present value of the dollar is to be taken as the basis
of calculation
in the first instance, the sterling salaries would cost the Colony about four per cent less than they computed to cost in the
are
papers
- papers laid before Your Lordship
16.
In conclusion
desire to say
that I found
the subject which is dealt with in this despatch to -present a problem of
extreme difficulty owing.
to the number and
complication of the circumstances which had to be taken into account.
No solution that suggested
itself.
wad
altogether
satisfactory