7. (continued.)
8. Conversion of salary
into local currency. Contribution to Widows' and Orphans' Pension Scheme.
9. Date on which
candidate is required
to sail.
12 END
Government will retain his services, if he so desires, either by transfer to the permanent establishment, with consequential benefits and expectations, or by re-engagement for a further period under a fresh agreement. In the absence of express agreement with or decision of the Government to the contrary, any continued service after the expiry of the period of engagement will be monthly.
Salaries are converted for payment in local currency at a rate fixed from time to time by Government. They are at present paid at the rate of 1/3 = $1 so long as the Treasury rate of the dollar based on the average monthly rate of the Hong Kong and Shanghai Bank remains at or below that rate. A deduction of 4% from salary is made as contribution to the Widows Orphans' Pension Scheme.
As early as possible.
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