C.S.O. 3064/1935.
643
[No. 22:—23.5.39.-1.]
A BILL
INTITULED
An Ordinance to continue and amend the Sterling Salaries
Conversion Ordinance, 1937.
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:
1. This Ordinance may be cited as the Sterling Salaries Short title. Conversion Amendment Ordinance, 1939.
No. 24 of
2. Notwithstanding anything contained in section 6 of Ordinance the Sterling Salaries Conversion Ordinance, 1937, hereinafter 1937 to be called the principal Ordinance, the said Ordinance shall be deemed to deemed to have continued in force until the commencement of this amending Ordinance.
have con- tinned in force until
commence-
ment of this Ordinance.
3. From the commencement of this amending Ordinance Continuance the principal Ordinance is to continue amended as follows:-
(i) by the repeal of the proviso to section 3 thereof and by the substitution therefor of the following proviso:
of Ordin- ance No. 24 of 1937 hereafter amended in sections
Provided that the salaries of officers, who were absent 3 and 6. from the Colony on leave on the first day of June, 1939, for a period exceeding three months, shall, if paid in the Colony, be paid at the Treasury rate until they return from such leave.
(ii) by the repeal in section 6 thereof of the words "until the 31st December, 1938, and no longer ".
Objects and Reasons.
1. Section 3 of the Sterling Salaries Conversion. Ordin- ance, No. 24 of 1937, provided for the conversion in certain events of sterling salaries paid in the Colony at the flat rate of one shilling and threepence to the dollar or sixteen dollars to the pound sterling. It contained however a proviso allow- ing the Treasury rate, i.e., a rate based upon a monthly average of the Bank's published rate of exchange more fully defined in section 2 of the principal Ordinance, to be paid in the case of officers absent on more than three months' leave who had arranged to draw their pay in the Colony.
2. Section 6 of the Ordinance provided that the Ordin- ance should continue in force until the 31st December, 1938, and no longer unless otherwise provided by Ordinance.