F
Wt. 23364/665. 8/47. 50,000. S. & S. Ltd.
53723/6/48
C. O.
Radford
Mr. Mayle
Mr. well
Mr.
16/4
19/4
Barne
Tell 24/4
Mr. Baskin
DRAFT. S.0. LETTER.
D.K. SERPELL, ESQ., O. B. E.,
}
TREASURY.
FURTHER ACTION.
4.1.5.
Re-civet M. Wallace
√(404)
to consider interim перец 5 (63)
minnk
wh
20/4.
n Side Gotham 21/4
Permt. U.S. of S.
Parly. U.S. S
Secretary of State:
Your Reference. IF 272/187/04
("")
Dear Serpell,
21/4 p.
44
It
Ansel. (16)
For Mr. Wallace's signature
23 April, 1948.
Will you please refer to Hong Kong
telegram No. 271 of 9th March, 1948, a copy
of which has been sent to you, and also to
(5) my letter of 12th February, 1948, about the
(7)
exchange arrangements to be made for the
payment of pensions and leave salaries to
Hong Kong expatriate officers, as the result
of the adoption of the Salaries Commission
recommendation that all emoluments should be
expressed in future in Hong Kong currency.
You will remember that with
Treasury concurrence (your letter of 23rd February) we told the Governor that it
was agreed that the Malayan precedent should
be followed, and that the salaries and
pensions of Hong Kong officers should be
converted into sterling at the Government
rate of exchange.
we felt, and in fact still
feel in so far as officers entering the
Service on the revised terms are concerned,
that this was a reasonable proposal.
present
Leaving a side certain drastic and at present
hypothetical contingencies, there is no
reason to suppose that the Government rate of
exchange will vary appreciably, if at 671,
and