should consider that by the system described the first paragraph of your despatch opines
salary is
inequitably
C
Holika I then
>
sterling
treated
*
placed
disadvantage.
illustration
Com officer has salary of say £300
year
£25
tour per cent of salary is £1
a
the case
month.
this
a
month, and each month,
therefore, £1
is deducted
from
his salary
contribution to the
Me Fund. As the
the result
decision
salane's
as his
at present,
of
the
to pay at 2 to
the Sollar
when
Nam
that
the Exchange value of the dollar is exceeds
that figure
for instance, when the dollar is
at
A
at the rate say go to the £'111
the Government
keeps the £1 and
credit the fund with
#10
is, it credit the
mon
Fund with #1
than the contribution is worth. That
the officer
paid by
Mons is on
death
a
fus
converted
sterling pension
to his widow, calculated
and payable
sterling
The Government
sufferer;
is the only peer into suffers for it has received #9 and has given the Fund credit for $10. Whether this
was
it
intended when
was
decided to