CO129-393 - Governor Sir May - 1912 [11] — Page 281

tais suffer my teamly by fluctuations & the

aving to the fact that 80% of their requirements

a

that the dollar price das paid for in off that the dollar. not racy with the exchange thretratous.

It follows, in my new, that something suit be done to minimise to officers the fluctuations which

Sur Ist. May's proponl

rear in their salaries is based

his new that 80% Can offices.

want are paid for in Dollars - 20% in

gold, biz mismance,

passages.

foreign

products. Handhome. The wishes to convsit starting salaries at 1/9 as regards 80%, 4

L

ngand 20% (liste if the existing system Though para 11 is not very clear, that if the

Dollar

fors

above 21. the 2004 salay with, ad at present, be converted at 2/-. But it

to be well to act as to this).

hander this proposal

we said get the plowing

for an offer drawing £500 ager

with the exchange rabic (2) esat present Under the present systion the offer is get

$5000.

Under the proposed scheme he istget

£400 at 19 to the $ in3 $4571/3

and 100 at 24-

nj $1000

Piving him a total salary 1 $.55713

1

He is this benefit to the extent // $571 268 with the fat 1/10 he wind get $457% + $1096

$5662.

273

With the Mollar at-1/9 at which it has been megaly. from 1907-194 he got $5714. If theepor

119

can be taken as the normal sake of the

comperesate

& the proposal does a great deal to

Mirting officers for the thuctuations, when the

rating testing scheme was introduced the rate of exchange mm 1/52 I think that it the fair to take the dober at 1/9

wow

ht

Le proposes

In It May also wisher it & apply to Doher

salay

men who get exchange compensation 18. those who draw Bothar salony at 37 to the dollar which makes them practicity on a Sterling pbasis. The well as to

the & mois alors 2/ wo

payment when

was applied otheen on thes ground & if it the scheme is adopted it may also be appled of the Sohar men.

On the whole think that

I know that it has been held in the past - see memelis in Ert/12198/07 - that we are not

bound to safeguard offciers from posible

A los a account of pie of cost of living