tais suffer my teamly by fluctuations & the
aving to the fact that 80% of their requirements
a
that the dollar price das paid for in off that the dollar. not racy with the exchange thretratous.
It follows, in my new, that something suit be done to minimise to officers the fluctuations which
Sur Ist. May's proponl
rear in their salaries is based
his new that 80% Can offices.
want are paid for in Dollars - 20% in
gold, biz mismance,
passages.
foreign
products. Handhome. The wishes to convsit starting salaries at 1/9 as regards 80%, 4
L
ngand 20% (liste if the existing system Though para 11 is not very clear, that if the
Dollar
fors
above 21. the 2004 salay with, ad at present, be converted at 2/-. But it
to be well to act as to this).
hander this proposal
we said get the plowing
for an offer drawing £500 ager
with the exchange rabic (2) esat present Under the present systion the offer is get
$5000.
Under the proposed scheme he istget
£400 at 19 to the $ in3 $4571/3
and 100 at 24-
nj $1000
Piving him a total salary 1 $.55713
1
He is this benefit to the extent // $571 268 with the fat 1/10 he wind get $457% + $1096
$5662.
273
With the Mollar at-1/9 at which it has been megaly. from 1907-194 he got $5714. If theepor
119
can be taken as the normal sake of the
comperesate
& the proposal does a great deal to
Mirting officers for the thuctuations, when the
rating testing scheme was introduced the rate of exchange mm 1/52 I think that it the fair to take the dober at 1/9
wow
ht
Le proposes
In It May also wisher it & apply to Doher
salay
men who get exchange compensation 18. those who draw Bothar salony at 37 to the dollar which makes them practicity on a Sterling pbasis. The well as to
the & mois alors 2/ wo
payment when
was applied otheen on thes ground & if it the scheme is adopted it may also be appled of the Sohar men.
On the whole think that
I know that it has been held in the past - see memelis in Ert/12198/07 - that we are not
bound to safeguard offciers from posible
A los a account of pie of cost of living