2.
49
to the Widows' and Orphans' Pension Fund are in effect made at the same privileged rate and that he is therefore
in equity entitled to have any benefit payable under that scheme converted into sterling at the old special rate of
exchange. Subject to your approval I propose therefore
s.d.
that the old rate of 3/- to the dollar shall, notwithstanding
the rescission of the Legislative Council resolution of 2nd
August, 1902, apply in the conversion of any dollar pensions
payable under the scheme where the contributor has paid contributions since his retirement on a dollar pension
convertible at a privileged rate of exchange.
4. If you agree I shall be glad if Mr. Pierpoint,
whose address is
Flat Two,
33 Sussex Square,
Brighton,
may be informed direct that it has been decided that the
s.d.
privilege of conversion at the rate of 3/- to the dollar
shall be continued in his and other similar cases.
I have the honour to be,
Sir,
Your most obedient, humble servant,
7. Ad. Kather
Governor.