C.S.0.No.3141/30c.
CIRCULAR No.57.
29
Colonial Secretary's Office,
Hong Kong,
10th August, 1938.
Heads of Departments are requested to bring to the
notice of all Indian Officers on the permanent establishment
that Government has under consideration the revision of the
present practice of paying pensions in India at the conventional
rate of exchange of $100 = 112 Rupees and the reversion to the
system in operation before 1930 of payment at the current rate
of exchange, i.e. the average daily rate of the quarter preceding
payment. It is intended to seek the approval of the Secretary of
State for the application of the current rate of exchange to all
pensions granted on or after the 1st September, 1938, subject to
a proviso that if an officer has before the date of this circular
received permission to retire after that date for reasons other
than grounds of health or the attainment of the age limit, his
pension will be paid at whatever rate is thereafter applied to
pensions granted before the 1st September, 1938.
2. The possibility of the revision of the conventional rate
of exchange applied to pensions payable in India which were
granted before the 1st September, 1938, is also receiving
consideration.
To Heads of Departments.
- 5-
By Command,
N.L. Smith,
Colonial Secretary.
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