3 First, with respect to salary increases, a 10% increase across the board was authorized by the Trustees in February, 1970, with the understanding that the added costs of this increase would be in Pounds, at least substantially . The assumptions on which the increase was authorized have not, however, proven to be true, since new contracts for the current year were written, in some cases, which called for increased dollar expenditures, and a 5% increment for Egyptian faculty members has been announced which would be payable in dollars (this being the first time such dollar expenditures were anticipated) . The net effect of the latter action is in the adding of $20,000 to our dollar obligations, if it is put into effect. Mr. Barco repeated ...