3.
The great fall in the purchasing value of the current coin of this Colony, the Mexican dollar, presents a difficulty;
4.
The first batch of recruits were enlisted in 1871 at £100 a year each. The value of the dollar being then about 4/2, no difficulty arose as to their payout on arrival; they received forty dollars a month, which is the equivalent of one hundred pounds a year at the Colonial Government rate (Ordinance 1 of 1864) of 4/2 the dollar.
5.
The dollar continuing to fall, the pay was increased in 1887 to forty-five dollars a month, but with the proviso that they should serve fifteen years instead of ten years before receiving pensions.
6.
The depreciation of the dollar has continued; it is now only 3/38 or fifty dollars and forty cents a month as the equivalent of one hundred pounds a year; in other words, the purchasing value of the dollar is more than seventy per cent loss through the rate at which the Colonial Government disburses it.
7.
Having caused confidential inquiry to be made, I learn that the large majority of those who have joined during the past three years should be receiving pensions from the necessity that they serve instead of ten years. Owing to dissatisfaction from these causes, they do not propose to stay in the force after the completion of their first period of five years' service.
8.
Hence, I would most respectfully submit for the consideration of His Excellency the difficulty caused by the depreciation of the dollar.
3.
The great fell in the purchasing
value of the current coin
of this Colony, the allexican dollar, present a difficulty;
4.
The first batch of recruits -
were
each.
enlisted in 1871 al ₤100 a year
The value
the doller being then or
of
of the about 4/2 no difficulty
arose as
to
their payout on arrival, they received forty dollars a month which is the equivalent of one hundred pounds a year at the Colonial Government rate ( Ordinance 1 of 186 41 ) of 44/2 the dollar.
5.
the pay
The dollar continuing to fall,
was increased in 1887 to forty five dollars month, but with the proviso that the
fiftuur,
a
should
serve
instead of ten years before
receiving pensions .
6
The depreciation of the
dollar has contined; it is
208
ADU AVOT
only 3/38 or fifty dollars and forty cents a month as the equivalent of
hundred pounds a year;
valice
th
seven
ane
in other words
the purchasing of the dollar is mon than livesety per cent loss thou the rate
at which the Colonial Government disburses it.
༣༩
Having caund confidential inquiry,
to be made Ilearn that the large majority,
of
now who have
Peritance during
joined from the past three
from the ncccesity that they
Seftione
instead of tow
t to
Great.
year. should
of the years before.
ard
ecrve
receiving pression from these causes do not propose to stay in the force after the
completion of their fort period of five
years
service.
8.
Hence I would wost rester
trestreatfully
His Excellency
submit for the consideration of
dollar
No comments yet.
Private notes are available after approval.