CO129-350 - Public Offices - 1908 — Page 377

375

DRAFT.

State.

The dollar had again fallen and

shewed signs of falling still further, and

dollars was

much dissatisfaction was caused not only by

the fact, to which reference has already

been made, that an increased number of

required to meet expenditure,

which had to be defrayed in sterling, but

also by the consideration that owing to the

fluctuations of exchange it was impossible

for an officer to be sure from month to

month of what was the actual value of the

salary of his appointment, considered in

terms of sterling.

The obvious solution of fixing the

value of the dollar was for many reasons

impracticable, and the only alternative which

presented itself was to fix the salaries in

sterling so that, whatever the price of the

dollar might be, an officer might be sure

that