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further losses will be suffered in consequence.
4.
I have the honour to remind Your Excellency
that the Secretary of State in his despatch on the subject, laid special stress on the fact that by remitting money to England officers were enabled to reduce in some measure the loss that they otherwise would suffer owing to the high rate of exchange. The Secretary of State was obviously under the impression that
remittances were made at the same rate as that at which salaries
were paid. The large difference which has for a second time
occurred warrants me in expressing the hope that Your Excellency
may take prompt action in the present unfortunate circumstances.
5.
I have the honour also to point out in
support of the request that I am making to Your Excellency that
the question now raised is entirely independent of the main
question which has been raised in the different memorials which
have been forwarded to the Secretary of State. It is concerned
solely with the local rule by which the rate for each month is
ascertained. A concession on this point would not therefore in
any way prejudge the larger question raised by the memorials.
6.
Looking at the question in its superficial
aspect it will doubtless occur to many that the present fall in
exchange will ameliorate the position of civil servants: but
owing to the operation of the artificial rule by which the month-
ly rate is ascertained, not only will they derive no benefit
from the fall this month, but even next month the rate will be
unnecessarily high owing to the high rate prevailing on 15th
March as compared with that now obtaining. In order to emphasise
this unsatisfactory state of affairs, I draw Your Excellency's
attention to the fact that in spite of the recent severe fall in
exchange the rate at which salaries will be paid this month is
the same as last month.
7.