peusion, the new rates were to be applied, in calculating the sterling amount to be paid him to prevent him getting a larger amount of half pay or pension than he would have got. The increase, Lord Knutsford's directions left untouched the "holders of offices" to which no increase of pay, or a less increase than 14% was given, and he made it evident that there was no intention to reduce the half pay or pension of any, then in the Service, or of any office, but to keep pay and pensions at or about their former level, and he worked out a calculation to show that the proposed new rates of exchange would, with the increased salaries, effect no reduction in half pay or pension, but would, if anything, give a slight increase.
The holder, therefore, for the time being, of any office "the emoluments of which had not been increased beyond the 14% limit, would, when going on leave or retiring on pension, get the same proportion of the pay of his office and the same amount on dollars as before, and as that would give him no increase of half pay or pension, it was to be converted at the old rate 4/7/2. To apply the new rates to his half pay or pension would be to reduce his half pay or pension below its former amount.
The new rates of exchange were therefore only applicable where an officer, at the time of applying for half pay or pension, was in receipt of an enhanced rate of pay, on which, if half pay or pension had been calculated according to the ordinary rule, he would, contrary to the intention of the Secretary of State, get increased half pay or pension.
{
- peusion, the new rates
were to be applied, in
pay
exchange
calculating
the st
sterling
of
amount to
be paid him to prevent him getting
a
amount
·
larger
+ of half pay or pension than he would have got The increase. Lord Knutsford's directions left untouched the "holders of offices" to which no increase
before
of pay,
47
was
or a less increase than 14,
3 given, and he made it evident that there
was no intention to reduce the
office
half
pay or peusion of any, then in the
Service, or
of any office, but to keep pay and
and pensions at or ~
leave pay
about their former level, and he
worked out a calculation to show
that the proposed
new rates of
المحمدية
exchange would, with the increased dalaries, effect no reduction in
half pay
C
pension, but would,
if anything, give a slight
increase.
~
The holder, therefore,
for the time being, of any office "The emoluments of which had
not
not been micreased
255
d the
beyond
14% limit, would, when going
022
leave or
The same
aetering
proportion
pension, get
of
the.
pay of
pis
office and the
same amount on dollars as
before, and as that would him no increase of half pay
6 give
pension, it was to be converted at the old rate
4/7/2. To apply
the new rates to his half pay or рена
in
i would be to reduce his
half pay or pension below its ~ former
12
amount.
were there
The new rates of t
!
of cachange
there fore only applicable &
where an
officer, at the time
off
applying for half pay or pension,
was
Date
er
an en húnċed) -
receipt of an
of pay, on which, if half pay pension had been calcutated according to the ordinary vul o he would, contrary
to the intention
of the Secretary of State, yet- increased lave pary. In
pension
L
.......
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