DIC
374
the exchange of
was
to take the average value of the
rates ruling
dollar between the 15th of the month in
respect of which the salary was paid and
the 15th of the preceding month.
Salaries
were, as they are still, paid at the end
of each month.
$. This arrangement remained in
force until the end of the year 1901.
Before that date increases of salary had
been granted to many officers, but it would
be impossible to say how far those increases
were due to the low exchange exchange value
of the dollar and how far to the imreased
cost of living and to the additional
work and responsibility entailed on the
service by the steady growth in the prosper-
ity and importance of the Colony.
In 1901 the question of the
exchange value of the dollar was again
brought to the notice of the Secretary of
State.
No comments yet.
Private notes are available after approval.