had to be abandoned.
Any change made could therefore only apply to Recruits regards such Recruits, enlisted hereafter as who would of course represent future Corps at Hong Kong, it is for consideration in what manner provision for securing that they shall be paid according to a fixed scale of dollars, instead of according to rates varying from year to year as the price of silver fluctuates in the London Market when compared with the price of gold.
One way out of the difficulty would be to insert a new scale in the Pay Warrant such scale to be in Dollars and to be based on the number of Dollars which the men now serving receive according to the regulated rate of exchange for the present year, which may probably be taken as fair for the purpose.
Or the difficulty might be met by retaining the present Rupee scale, but fixing a rate at which that scale shall be converted into Dollars for the purpose of payment; and thus avoiding the exchange from Rupees into Sterling which is at the root of the present trouble.
To these changes, as indeed to any change there are obvious objections
had to be abandoned.
Any change
made could
therefore only apply to • Recriels
$$
regards such Recrents,
enlisted hereafter
As
who would of course represent future 9
it is for consideration in what
the
the Corps at Hong Kong,
can best be made
manner fraision for securing that they shall be..
paid according to a fixed scale of dollars, instead of according to
rates varying from year
as
the price of
to year
silver fluctuates
in the London Market when
compared with the price of gold.
One
way
out
of the diffenti,
new scale
in
would be to insert a
in
165
the Pay Warrant such scale to
in Dollar and to be
be the number of Dollars.
based on
which the
men
now serving receive
according to the regulated rate of
exchange for the present year.
may probably be taken as a the purpose. for the
year
which
fair
Or the difficulty might be met
by retaining the present Rupee scale, but fixing a rate at which.
that scale shall be converted into
Dollars for the purpose of payment; - and thus avoiding the exchange from Rupres into Herling which is at the root of the present trouble.
To these changes -
as indeed
to any change there are
ile obrin
obechons
No comments yet.
Private notes are available after approval.