6.
423
" in so doing it should place a crushing burden
on the taxpayers. But Sir, what are the facts ?
It cannot be denied that the Colony is lightly
taxed. #
No one can guarantee the future course
of the dollar and even since our calculations
were made the dollar has dropped still further.
Should it remain below 1/6d. there will
necessarily be an increase in the cost of the
scheme as calculated in dollars but the
increase will be fully justified."
"If.I understood the Commissioners correctly
they did intend that an officer should
receive the full dollar equivalent of his
substantive salary, however low the dollar
may fall
14.
Throughout the year 1930 Your Petitioners' salaries were paid on the scale and in the manner recommended by the Commissioners, but on the 21st January, 1931, we received the first intimation that Your Lordship had ruled that one half of our sterling salaries was to be paid at the rate of one dollar being equivalent to one shilling and sixpence and the other half at the rate of exchange fixed by the
Treasury, viz. one dollar equivalent to one shilling and five eighths of a penny.