ihu
mennin
375
promised retrospective application to 23 July. and
.to have been unconditional. In these circumstances
I consider that date recommended by Commission,
namely 1 January 1947, should be adopted. Any
representations based on assurances referred to
above might be answered by referring to the general
financial situation and to the proposals as
affording reasonable relief, having regard to that
situation. In the case of assurances which
contained the words "if possible", it might be
pointed out that those words referred especially
to the financial situation.
7. The last sentence but one of proposed
message has been included as it is thought that
it might assist you. Outstanding points which
have been raised here regarding salaries and
allowances should be settled within next three
months, but I appreciate that in fixing date to
be given in this sentence it will be necessary
also to allow time for new salaries and allowances
to be calculated locally and for arrangements to
be made for payment of arrears. If you feel that
it is not possible to give a date at this moment,
or that the date would be so far ahead that there
would be no advantage in mentioning it, I should
of course have no objection to this sentence of
the announcement being omitted.
|susf.601-
8. As regards payment of arrears has been
AS suggested that there-is-likelihood that payment
of whole amount of appears in cash would/increase
present inflation, eensideration should be given ·
Surlylantime
Shli paid bran
to scheme for paying part of arrears in savings
in
certificates, or possibly holdings in proposed
*
Hong Kong Loan. You will no doubt consider and
decide whether it is desirable to make any
reference to this possibility in proposed announce›
ment.