CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 318

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of "double Exchange Compensation", a somewhat circumlocuto-

-ry term used to describe a method of calculating salaries

in units of 3 shillings instead of in units of one Pound.

3.

Your Lordship adds that the only

question to be considered was whether the salaries paid

afforded adequate remuneration for the duties performed,

and since the introduction of the system of double Exchange

Compensation had already obviated the difficulties arising

from a fluctuating dollar it would seem that the ulterior

object of the Sterling Salaries Scheme was to reduce

certain salaries which had been newly created under the

title of "double Exchange Compensation" salaries, and were

considered to be excessive.

4

If I am right in assuming that

this was Your Lordship's intention in regard to the

salaries of certain appointments existing at that date, it

is nevertheless clear that Your Lordship would not have

wished that in the case of appointments created subsequent

to the introduction of the scheme the dollar salaries

which after full consideration had with Your Lordship's

concurrence been attached to them should be subject to

diminution when translated into the corresponding pound

units under the Sterling Scheme. Four posts have been

created