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of exchange, and the table annexed to that paragraph gives a comparison of the emoluments of certain officers in 1892, 1906, and 1907.
In several instances it is not clear to what officers the table is intended to refer, as their titles are incorrectly quoted, and Lord Elgin thinks it probable that a juster view of the situation may be obtained by substituting the table which accompanies this letter and which shows the sterling value of the salaries of a number of the principal officers of the Colony in the years 1892, 1900, and 1908. These years are selected as typical because in 1892 no exchange compensation was paid, in 1900 exchange compensation was paid on half an officer's salary, and in 1908 officers receive salaries fixed in sterling or, what is practically the same, exchange compensation on their full salaries.
It