market rate
Exchange,
(£116,000)
that the amount was
A
riginally voted by the then
Colonial Legislature in
sterling
I do not think that
A
[ven 765/06]
the question of the faint correct
is
Conversion in mode of calculation ought
to be affected by the
rate at which the mili-
tary authorities originally
made these calculations.
I have accordingly dissented from you by letter.
instructions
to
given
the instructions.
my prev. Jest?
this subject.
I do not understand
313
your statement that
This will involve
compering of
the accounts
of the Colony for the last six years, for
the
expenditure in question
was made in dollars
in which the
currency, in
accounts are
kept,
and all that is now
required, to recalculate afresh proper sterling Equiv-
alent of the various
Expended
items
the Defence, to subtract
the total sum calculated
From
$116,000
and
then to charge the
this difference (or its
Equivalent.