Several years the rate of exchange from 4/3 to the dollar, & I think the idea was never suggested that the rate should govern the payment of Salaries.
Because an Officer's salary paid in dollars in the Colony will not purchase as much gold in London as it did 2 or 3 years ago, it by no means follows that its purchasing power with respect to most important items of expenditure, viz., house rent, wages, food, &c., the produce of the neighbourhood is diminished in any corresponding degree; we have five great Concessions & those whose personal circumstances necessarily involve remittances to this country enabling them to draw part of their salaries.
146
though the Means at the present rate of account.
Neither do I think it desirable that the Governor should be left to deal with these remittances without reference to the Secretary of State.
MR 2/4/76. No, but He may allow, pending reference home, such officers Business as may be bona fide the Acts sanctioned by Law. Intimation should be sent home first, in other respects answer as proposed. The best way ought to have been to inform him that Public officers cannot talk of drawing their salaries at the current rate of exchange.
If they are paid in gold for the worth of their Bills, Salaries merely measured by gold which is not gente what this warrant.
2m 26/heaton
Ieveral years the rate of lachange from 4/3 tffy the dollar, & Ident
wt
be the idea was never them.
suggested that the rate should
govern the payment of Salaries.
Because
an
Officers salary paid Wollars in the Coling will not Purchase as much gobel in London
as it did 2 or 3 years ago, it by
no heldus.
follows that its purchasing kower with rapect to m
most important items of scopect pentonal caferditase P.J. house rent, wager, food the produce of the neighbourhood is diminished in any corresponding depee; twehave five preal Concession & those whore personal circumstances necessarily involve vemittances to this country
Enabling
them to draw part oftheir saknies
146
though the Meats at the precar par of account_
Reither do I think it desirabl that the Governor should be left
to
deal with this remittances we
tances without
reference to the Lecretary of Stak_
MR 2/4/76.
Mo- but He
may
allow, pending referee home, such offices Busin
m
himmy that it is tona fide the Ajute sanctioned by Lif. Intima cakes of he sent home
first,
In other repute auswer as purpond. The beast on opty
aught to have shear him that Public officers conmortalk of drawing their salaries
currunt rate of
artta
Sxchange. Inadsar if
The paid.
they
in gold
for the worth of their Bilas Salan mearundly gold
which in not gente what
this
nant.
2m 26/heaton
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