CO129-580-7 Sterling Salaries Conversion Amendment Ordinance 1939 30-6-1939 - 4-7-1939 — Page 7

ATTORNEY GENERAL'S CHAMBERS.

Hong Kong,.. 30th June,

19 39.

REPORT ON ORDINANCE No. 24.

...of 19 39.

1. I have examined the accompanying Ordinance intituled

an Ordinance to continue and amend the Sterling Salaries

Conversion Ordinance, 1937.

20

A print of the memorandum of Objects and Reasons

of the Bill for this Ordinance is attached.

3. I am of opinion that this Ordinance is not

contrary to the Governor's instructions and that it is

one to which His Excellency may properly assent in the

name of His Majesty and on His behalf.

saezer

Attorney General.

7

Pag

Pag

Objects and Reasons.

1. Section 3 of the Sterling Salaries Conversion Ordin- ance, No. 24 of 1937, provided for the conversion in certain events of sterling salaries paid in the Colony at the flat rate of one shilling and threepence to the dollar or sixteen dollars to the pound sterling. It contained however a proviso allow- ing the Treasury rate, i.e., a rate based upon a monthly average of the Bank's published rate of exchange more fully defined in section 2 of the principal Ordinance, to be paid in the case of officers absent on more than three months' leave who had arranged to draw their pay in the Colony.

2. Section 6 of the Ordinance provided that the Ordin- ance should continue in force until the 31st December, 1938, and no longer unless otherwise provided by Ordinance.

3. Salaries paid locally have, however, continued to be paid at the rates provided by section 3 notwithstanding the absence of an amending Ordinance extending the period of operation of that section.

4. The objects of this Bill are firstly to validate the rates paid since the first of January, 1939, and secondly to fix for an indefinite period the rates provided by section 3 of the 1937 Ordinance, but to withdraw from officers proceeding on leave in the future the special concession given by the existing proviso to that section. A new proviso is substituted con- tinuing the concession till the end of their leave of officers at present on leave who have availed themselves of it.

May, 1939.

C. G. ALABASTER,

Attorney General.

8

END

e 8

↑

falls bik

e 8

53854