THE HONG KONG GOVERNMENT GAZETTE, DECEMBER 24, 1937.
HONG KONG.
No. 24 OF 1937.
I assent.
L. S.
G. A. S. NORTHCOTE,
Governor,
24th December, 1937.
An Ordinance to fix the rate at which the sterling salaries
of public officers shall be paid in this Colony.
[24th December, 1937.]
1. This Ordinance may be cited as the Sterling Salaries Short title. Conversion Ordinance, 1937.
2. In this Ordinance--
"Treasury rate" means the rate of exchange of sterling for dollars determined for any month by the Colonial Treasurer from the average of the daily opening demand rates of exchange in London during a certain period in accordance with the General Orders of the Hong Kong Government.
"Widows' and Orphans' Pension Contribution" means the contribution payable in any month by and deducted from the salary of any officer under the Widows' and Orphans' Pension Ordinance, 1908.
Interpreta- tion.
Ordinance No. 15 of 1908.
in this
3. After deduction of the Widows' and Orphans' Pension Rate at Contribution, if any, which shall be calculated at the Treasury which rate, and subject to the provisions of section 4, the re- salaries are
sterling mainder of the salaries of all public officers of the Hong to be paid Kong Government service which are expressed in terms of Colony. sterling, whatever the amount, shall be converted, if paid in the Colony, at the Treasury rate if such rate exceeds one shilling and threepence to the dollar; but if such rate does not exceed one shilling and threepence to the dollar then at the rate of one shilling and threepence to the dollar or sixteen dollars to the pound sterling: Provided that the salaries of officers absent from the Colony on leave for a period exceeding three months or absent from the Colony on duty for any period shall, if paid in the Colony, be paid at the Treasury Rate.
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