C.S.O.No.3141/30c.
40
Colonial Secretary's Office,
Hong Kong,
10th August,1938.
CIRCULAR No.57
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 change 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.
By Command,
N.L.SMITH,
Colonial Secretary.