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the same time dollar payments which make up about two-
-thirds the expenditure of senior and somewhat more of
that of junior Officers have increased by rise of prices
at least 20 per centum while Sterling payments which
account for one-third or less of the total have decreased
by not more than
10 per centum.
7.
The purchasing power of an
Official's Sterling Salary according to the above statement
is in 1907 - * (3 · 4+ · ) or 67.5 per centum of what it
was in 1902.
Neglecting rise in prices for
local produce and labour as being probably independent in
its cause of the alteration in the Gold value of the
dollar the proportion of purchasing power of Sterling
Salaries in 1907 to what it was in 1902 resulting solely
from this alteration is (+) or 77.5 per centum.
On similar lines the proportion
of the purchasing power of Sterling Salaries in March,
1907, to what it was in November, 1905 due solely to the
alteration in the value of the dollar from one-tenth to
one-ninth of a Pound is less than (3+) or 93 per
centum.
8.
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Private notes are available after approval.