say rising from $62010, by 1860 a year to 72430 which is 35 per cent above the 1875 rate; but the 2 existing Masters should from 1st January 1891, draw salaries as follows: the 3rd & 4th Masters and 5th at $2370 per annum reaching their maximum in 1892, and the other Masters at the rate of $2070, so that they will reach their maximum rates in 1897.
841 of the Masters, all of them from the Head Master downwards will in accordance with par. J. of my desp. no. 110 of 19th June be liable to the new rule regarding rates of Exchange for payment of leave salary and pension, since the increases granted to them from 1st Jan. next will be at least 14 percent above their ...