CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 143

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that

first, prices are governed by the low dollar and do not fluctuate with the fluctuations of exchange: secondly, remittances must be made regularly at the rate ruling at the end of the month.

10.

It has been my privilege during the course

of my service to make many reports on departmental and executive matters which have been approved by the Secretary of State. I therefore venture to make a further suggestion on the question of exchange which causes so much perplexity to many civil

servants.

11.

Would it not be possible to allow the Crown Agents to make permanent monthly payments in England on behalf of civil servants in the Colonies for certain defined family

purposes: in other words to allow the system of family remit- -tances in force in some Colonies to work automatically for all. One fact it is I think important to bear in mind. For Civil

servants residing in very distant Colonies it is a great in- -convenience to remit by means of the ordinary demand draft,

for that means that the money is benefitting no body except the Bank during the month that the draft is in transit through the

post. They are therefore obliged to arrange for remittances to

be made regularly by Telegraphic Transfer rate, which is

generally th. higher than the demand rate. It certainly would

be a great boon if the Crown Agents were empowered to make

definite family payments on a given date the amount being

charged in the Colony at the demand rate on that day, say the

end of the month. By this means not only the daily fluctuations

producing a difference between salary and remittance rate would

be avoided, but also the difference between demand and T/T rate.

The practical question arising in the

event of death does not raise any insuperable difficulty in the

way of the adoption of the scheme,

12.

13.

In making this suggestion I do so with a

view of bringing if possible the payment of salary more into

harmony