CO129-463 - Governor Sir Stubbs - 1920 [10-12] — Page 12

11

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retiring officer's fixed appointments for the three years prior to retirement may be awarded, to which one-sixtieth may be added for each additional year's service; but no addition will be made in respect of any service beyond 35 years. For pension purposes absence on vacation leave counts as full service, and leave on half pay as half service.

13.

A deduction of four per cent is made from the salaries of all members of the permanent service, including Police Probationers, as a contribution towards the provision of pensions for the widows and orphans of public officers.

An Officer may also contribute et the rate of four per cent of any duty allowance drawn by him, but is not required to do so. The choice once made as to contributing four per cent of duty allowance will be final and will apply to the whole of the officer's service.

14.

The currency of Hongkong is based on the silver dollar. For purposes of local payment salaries fixed in sterling are converted into dollars at the following rates based upon the average exchange value of the dollar during the month ending on the fifteenth day of the month for which the salary is to be paid:-

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•

When exchange is at or over 48.4d.

810.00

14

H

When exchange is at or over 4s. and below 48.4d. 810.30

и

M

# 48. $10.60

#

H

#

M

38.8d."

39.4d."

38.8d. 10.90

#

悍

14

11

38.

*

38.4d. 811.20

#

H

#

轉

2s.8d."

38.

£11.50

#

M

12

over 28.6d. and below 28.8d.

$11.80

" at or below 28.6d.

$12.00

for each one pound sterling.