CO129-524-1 Reports of Salaries Commission 31-12-1929 - 27-10-1930 — Page 125

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even though he may not at the date of his

retirement have completed three years on the new

scales.

Similarly, where the last three years of

itterent

service have been in posts with definite salary

scales the average to be struck should be that

of the revised salaries of both posts.

FINANCE.

The sum voted for sterling salaries in

the 1930 Estimates including the exchange

compensation and cost of living allowances

amounted to just under £9,000,000. The cost

of the revised scheme at the exchange 1 equals

1/10 was first estimated at a little over

$10,000,000.

The severe subsequent drop in

the exchange rate would, in any case, have

involved an increase of the sum voted in the

1930 Budget for cost of living allowance by

some $350,000.

A recalculation of the cost

of the new scheme based on an exchange rate of 16"raises the gross estimate to nearly

$11,500,000 or a little over $2,500,000 in

excess of the sum actually voted for 1930.

Taking in to account the extra provision

which would, in any case, have had to be made under

present salary arrangements beyond the existing

vote for 1930 the Governor estimates that the

maximum extra cost of the revised salary scheme

may be put at $2,541,458 if the should fall to

1/6, but at $1,743,805 if the g should fall to

and remain at 1/6 making it necessary to abandon

the