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has been arranged that the respective accounts should be compared, and; if possible, adjusted by an officer of the Audit Department of the Colonial Government, and an officer appointed by the Major General Commanding.
12. His Excellency has had an interview with the Auditor General, and it appears that there are two or three points on which it is necessary to be agreed to by superior Authority before the accounts can be satisfactorily adjusted by the above officers.
3. The first is as to whether the rate of exchange from dollars into sterling in the case of local payment should be calculated at the market rate on the day on which the requisition was sent by the Paymaster or on the day on which the payment was made. The Major General Commanding does not consider this point of very serious importance, and as the previous calculations which have been made have been calculated from the date of payment, and it is doubtful whether the date of the requisition has in all cases been preserved, he thinks it will in ordinary cases be better to take the rate on the day of payment as the basis of the calculation. In the case, however, of the requisition for $15,000 sent on the 24th of March 1890 but not honoured he thinks that the date of the requisition should be adopted.
4. The second point is as to the rate at which payments made subsequent to the 31st of March 1890 should be calculated. The Major General Commanding, after full consideration of the question, is of opinion that any balance due after the 31st of March should be calculated