83
2
3. Officers attached to an educational institution are not ordinarily entitled to vacation leave under the rule stated above in paragraph 1 (a). When in the Colony they enjoy the ordinary vacations of the institution to which they are attached. When proceeding home on long leave or on retirement, they may, how- ever, be granted vacation leave up to a maximum period of five months. Such vacation leave, which will not ordinarily be granted except towards or at the end of a school term, will be calculated in the manner described, but at the rate of one twelfth of resident service which includes school vacations.
4. The present rule as to superannuation is that, in the case of ill-health, an officer holding a pensionable appointment may be allowed to retire on a pension after ten full years' resident service; otherwise he must have attained the age of 55. For ten full years' resident service one seven-hundred-and-twentieth of the annual salary of the retiring officer for each completed month of service may be awarded, together with an addition of five sixtieths of such salary, provided that the total pension shall not exceed forty sixtieths of such salary. No pension may exceed £1,300 per annum. For pension purposes leave on full pay counts as full service, and leave on half pay as half service.
5. A deduction of 4 per cent. is made from the salaries of all members of the permanent Government Service as a contribution towards the provision of pensions for the widows and orphans of Government officers.
6. The currency of Hongkong is based on the silver dollar. For purposes of local payment salaries fixed in sterling are con- verted into dollars at a rate fixed by the Government. The rate is at present 2s. =$1, but is liable to alteration.
A strictly temporary allowance is also granted at present, based on the average exchange value of the dollar with sterling. This allowance is on the following scale:-
When exchange is-
At or over 4s. 4d.
Allowance per cent. on salary is
0
4s. 3s. 8d.
and below 4s. 4d.
3
4s.
6
""
3s. 4d.
3s. 8d.
9
""
3s.
3s. 4d.
12
""
2s. 8d.
3s.
15
2s. 8d.
18
20
Over 25. 61.
At or below 2s. 6d.
COLONIAL OFFICE,
February, 1926.
NOTE. Further information can be obtained at the Far East Department of the Colonial Office.
(21) Wt. 23455/1585 250 2/26 S.E.R., Ltd. Gp. 56