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B-4913, AUGUST 1, 1939, 19 COMP. GEN. 135

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Highlights

EXCHANGE - LOSS BY - OFFICERS AND EMPLOYEES IN FOREIGN COUNTRIES - DECISION RETROACTIVE APPLICATION CONTENTION ( WHERE THE DISALLOWANCE OF CREDIT IN A DISBURSING OFFICER'S ACCOUNTS FOR EXCESS EXCHANGE LOSSES PAID WAS IN ACCORDANCE WITH THE PROVISIONS OF THE APPLICABLE EXECUTIVE ORDER IN FORCE AT THE TIME THE LOSSES WERE INCURRED. CREDIT MAY NOT BE ALLOWED FOR THE AMOUNT INVOLVED ON THE BASIS THAT RETROACTIVE APPLICATION IS BEING GIVEN A DECISION OF THE ACCOUNTING OFFICE. AS FOLLOWS: REFERENCE IS MADE TO AN OUTSTANDING NOTICE OF EXCEPTION AGAINST D.O. THE CLAIM FOR CURRENCY EXCHANGE LOSSES REPRESENTED BY THIS VOUCHER WAS COMPUTED IN STRICT ACCORDANCE WITH THE APPROVED METHOD FOR COMPUTATION OF CURRENCY EXCHANGE LOSSES ACCEPTED IN PRACTICE AS THE PROPER METHOD AT THE TIME THE VOUCHER WAS PREPARED AND PAID.

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