- 2 -
Further so long as the levy continues it is not
easy to justify any policy of expansion in public works, and
such expansion is becoming urgently necessary.
It is not proposed to alter at present the special
conversion rate for sterling salaries of $16 = £1 as provided
in section 2(5) of the Ordinance which represents a saving
at the present exchange rate of the dollar of about $60,000 a
year.
I now move the resolution standing in my name.
9