*t. 23364/665. 8/47. 50,000. S. & S. Ltd.
C., O.
Butters
Mr.
Mr.
Mr.
Mr.
DRAFT. LETTER
53723/6/48
66 5
Permt. U.S. of S.
Parly. U.S. S
Secretary of State.
Your Reference....
For Mr. Mayle'sSignature
Dear Serpell,
Desp. 13/2
12th Feb. 1948
D.R. SERPELL, ESQ., 0.3.E.,
TREASURY.
(Copy of 1.)
Will you please refer to
Hong Kong telegram No.34 of the 9th January,
1948, copy of which was sent to you but of
which I attach a further con for ease of
reference.
In Malaya where salaries have in
the past been quoted in local dollars,
it has been the practice for purposes of
leave salaries and pension paid in the
Unitew Kingdom paying salaries when on leave or on pensions
prvision
ni
tho
Canditinis
The relevans
appoinhinens
Me:-
FURTHER ACTION.
V.I. Cuman.
lan
대
in tan
his drak)
Copies for Areets.
to C
etiremon for Jollen
or dellarg to be
✔ converted to sterling at the Government
rate of exchange
of 2/4
2/4 to the dollar.
We propose that in Hong Kong this
precedent should be followed and that leave
pay and pensions should be converted into
sterling at the rate of 1/3. As you a e
aware, this is the rate which Sloss employed
for converting sterling salaries into
dollars for the purposes of his report and
portberrate at which the Hong Kong Government
has in the past paid sterling salaries
locally.
/It