CO129-339 - Acting Governor May Governor Nathan - 1907 [1-3] — Page 546

or dollar salaries with double exchange

he paid

compensation will draw their salaries, wie

when in the Colony, at the rate of 2/-

to the dollar, so long as the exchange

value of the dollar is at or above that

figure.

When the exchange value of the dollar

is below 2/- these salaries will be paid,

as at present, at a rate of exchange

fixed monthly by the Government and

based on the average exchange value of

the dollar during the preceding month.

Officers whose salaries are fixed in

sterling will draw leave pay and pension on

the basis of the fixed sterling salary.

Officers drawing double exchange com-

dt continue to

pensation will draw leave pay and pension

on the basis of their nominal dollar

salaries at the privileged rates of

exchange to which they are entitled.

ร

3. I have, therefore to request that

>

you will place these proposals before the

Legislative Council. If the Council

approves the suggested arrangement, you

are authorised to put it in force at

once with effect from the 1st of

January last.

I have &c.

542

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