§ The Government adhere to the decision to terminate the system under which Civil Service remuneration varies automatically with changes in the cost of living figure and to apply instead the principle of consolidated remuneration which will he subject to consideration in the light of any substantial changes upwards or downwards in the level of remuneration outside the Civil Service, but having regard to the representations of the Staff Side of the National Council consolidation will be deferred until the 1st April, 1934.
§ In view of this decision it is agreed
§ The Official Side of the National Council place on record that the foregoing arrangements must be regarded as subject at all stages to the overriding consideration of the national financial position.