CO129-526-12 Proposals to raise additional revenue due to revised salary schemes- etc. 16-6-1930 - 23-2-1931 — Page 25

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are tended much more carefully than commercial houses

could afford. Promotion has been accelerated in recent

years, and in many cases will be further accelerated if

the Commissioners' Report is adopted.

Furthermore, with regard to the fluctuation of the

rate of Exchange, we would observe that, inasmuch as a

Salaries Commission was held in 1919, and in 1920 a

revision was made to allow for Exchange Compensation

when a sliding scale was introduced, and in July, 1928,

a further allowance was made to officers of 2% of the

dollar equivalent of their sterling salaries if they were

married and 1% if unmarried for every penny that the value

of the dollar fell below 2/6d. up to a maximum of 18% or

9% as the case may be, there have been periodical revisions

to meet changing circumstances, so that the position of

Government Servants has been safeguarded.

We would draw attention to the growing cost of pensions.

In 1921 it was estimated that Pensions would cost 312,900

in 1927, it was estimated that Pensions would cost $675,903;

and in 1930 it is estimated that Pensions will cost 913,000.

In which connexion it must be noted that the Commissioners

recommend that the increases they propose should become

pensionable immediately the Report is put into effect. If

this is done, the cost of pensions will, within a few years,