:
TEMPORARY LEVY ON SALARIES OF OFFICERS IN
THE HONG KONG GOVERNMENT SERVICE.
1/1 29
Owing to the present need to retrench public
expenditure in the Colony it has been necessary to
impose a temporary levy on the salaries of officers
in the Hong Kong Government Service with effect from
the 1st January, 1936.
Salaries expressed in sterling which do not
exceed £240 a year are free of levy.
The graduated rates of levy in other cases
on salaries expressed in sterling are as follows:-
On the first 2340
On the next £360
On the next £400
-
21%
5%
778
On the next £400
10%
On the reimining portion of salary above £1,400
1218%
The levy is applied to net salaries after deductions
have been made for contributions to the Hong Kong
Widows' and Orphans' Pension Scheme.
Sterling salaries will for purposes of
payment in the Colony be converted, after deducting
17/4/1/2"
32d
Heind
levy, at lá 6. to the dollar during the st quarter of
final
1936 and at 1s.a. during the end quarter.
At
the end of that period, the rates of levy and method
of conversion will be subject to review.
COLONIAL OFFICE,
–March 1936.
August