25
receive the current rate of exchange of their sterling calories, I might agree,
but we know that when the dollar was
high they got a fictitions rate fixed which favoured them. The real anomaly is that they have sterling salaries at all. They ought all to be on dollar salaries as in Malaya.
Priers
Moreover of the present bases these
are
to receive an
exchange rate of
1 ff =2!-, even if the dollar goes above 2/-
I can, therefore,
see no reason for
not accepting the Governor's proferal " hat they should receive re rate 1 $=1/-,
the dollar falls below 1/-
even if th
On the marits I aur satisfied (1) that
In
there has been no real hardship
in the
arrangement
of living
in
now
force
as
the local cort
has not risen to the extent of the
J
fall in exchange; 12; that the civil servants
who really deserve rympathy
are the
Europians on dollar calories; (3) that it is
politically unwise to impore extra tagation in order to pay un extra $1,250, 500 to a small select class of