CO129-399 - Governor Sir May - 1913 [1-2] — Page 306

T

that the time has now come to

Effect a closer reconciliation between

Thi standard value and the standard to salanes and I

accordingly inf? you in my

of the 29th 1 Januay

al

that

(2882)

I apprord yt. proporals subject

to curtain axerations, which.

Au

h

shows.

3. I understand the recommendation

"para" 24 dup,

mi

рага

that

20% salary shall continue

the paid

system & he

rate,

The present

arugge

Lemand

to mean that them if

the dollar showed rise beyond

2/ _ this portioned the salmy which presents häbilities in sterling, will be paid at the axeage rate toot at the fixed rate & &/- to

It is abs distinctly, i be understood that the

ľamm

salary

80 will be commented on the fraid rate of 1/9

whether the actual valus of the Illas is abou blow that

the dollar. Howen, much the

exchange rate in the dollar

nois alor of the amount red.kan opier

304

on annesin

at the average rath

w

will expresent the same amount Estesting. Ihr af limit site shed therefore be abolished

• it is on

"

this understanding

that I appear 7. proposal.

X

4. There is a possibility that the exchange sabre, the dober miger

future

The future

use

wächte

Ay

to

and remain so high

makes this the arrangement now sanctioned tugasource & senono

to the yout

"/courider !

Embarrassment j.

therefore that the parent.

anangement must be hable to reconson at the

Iway

and 1

5.

three years.

Further Imust.