CO129-533-13 Salaries- conversion rate of sterling 30-1-1931 - 21-1-1932 — Page 13

13

10

How TEL 104

3075-

Froses particulars of reductions

in salaries made among ot Banks & Commercial forms.

It is by

the case that

all commercial firms are farying on

a

sterling basis"

(The tel in was sent in acc?

with 120 Ellis's minute

3 on pafile)

? Me Gent to see

e fubby 10

114/500

1/6

action ong panting/

J. A. Calder

1.6.31

The shipping companies & Dodwells

sem lobe the only

lo

hav

Maks

interfered with basic salaries.

The 3

Inimane,

bij banks, the Union

the Gas Company

two big oil companies

the

have muntasied

basic salaries,

two companies

km

actually improved them axchungs compensation.

by proved my

Mht.