lays down that wort pensions may continue to he paid at 3/- no the case of existing contributors " who are now who contrive the pond or dollar Salaries. The dup then proceeds to withdraw the mivilege from officers
sterling salaries
& to lay from subs for the crediting to the Fund contributions from offriers shrling salaries,
in which the following extract recurs : — "Contributions and be endited to the Fund in dollars at 4% the officers' shaking salary or persion converted
In to dollars at the annual rate of exchange at which for the time being he is intitled to draw his salary
a pension in the Colony.
In this
way
the officer
Ja
Dollar salary
mould like officers in reet of
always receive when in the Catony pucisely
96% 1
#
his nominal salary
Sis 3. St. May contends that this desp "enterly compris
the news lation & the Col. Trasures justifies the practic
I consstre dollar salunio ante sterling
at 3%, neconverting to curent de Mars, then
of
subtracting 4% 1 nominal sha salary
Current Alan
$7200 at 4/9 Continuation wo
7012
413/-
ཏེ་
Coun
*60/2
*27-20771 ** (879'27) MEPT 20/1! ́0009 '92-120'02 AM 10GCT)
I submit that the prasange underlined her the
contrary spect to that states & In 28 Mar 481
starting salary is to receirs in the Tobay,
An offices.
like office is
Ihan
salay purity 96% 1
his nominal salary.
The nominal salary 1f a man in a Dollar salary of $4200 is $4200: 96% that cam is
1
$4032 jo that is what he
" that is what he is entitled in muist
oftes the deduction has been made to other interpretation of the phrase in prible. But the HK. practice
is something my different, against this interpretation, mis oppond to the provoms of the Lans
The practice is clearly wrong, runjustified by the despatch which Su dpt tay quotes. Thronly question is whether the cousons unged in part 4 of the present desp
sufficiently strong to purent our insisting on the pill sednetion hung
made
An
That is a point which /saggert night wch from party My Shittes enquiry Le visits NK. In the mean time I think
shen
we std point at that the despatch on