Copy.
Enclosure 1
520
▲ copy of General Order 101(1) is attached showing the rates at which sterling salaries are paid to Officers while in the Colony.
2. These rates of conversion were approved by the Secretary of State in 1920, in connection with the general revision of
salaries, at a time when the dollar was much above 2/6d; and
in recommending them to the Secretary of State, Sir R. E.
Stubbs wrote as follows:-
"It is not likely that the dollar will fall below
28.6d. for some considerable time to come, and in any
event I should prefer not to make any provision against
such an eventuality until some experience has been gained
of the practical working of the sliding scale."
3. An example showing how this scale worked in the case
of an officer with salary of £1,000 who reuits £50 a month
is given in attached table"A".
The scheme may be considered to have worked satisfactor- ily so long as the dollar did not fall much below 2/6.
The effect of the recent fall in exchange on the cost
of remittances will be seen from the figures in the 4th
column of the table.
4. Many officers of this Government have to make provision in varying degrees for their families in England, and cannot without serious embarrassment reduce the amounts of their monthly remittances to the extent necessitated by the
difference in exchange rates.
5. To enable officers to continue to meet their sterling commitments, and so to give relief where it is most required, it is proposed to grant remittance privileges as shown below
(a)
gure 1 - B.