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Lations from Hansard Report of 29.6.39
ORIGINAL on 5353
53537/39
HONG KONG LEGISLATIVE COUNCIL.
MOTIONS.
69
THE FINANCIAL SECRETARY moved: That the resolution relating to Widows' and Orphans' Pension Fund passed on the 1st day of June, 1938, be rescinded and that the following resolution be substituted therefor:-
It is hereby resolved that the resolution of this Council adopted on the 2nd August, 1902, requiring that pensions paid in England from the Widows' and Orphans' Pensions Fund be paid at the rate of 3/- to the dollar shall not apply to any pension granted on or after the 1st June, 1938, except in special cases where the Governor in Council has deemed it equitable to sanction payment at that rate.
He said: On the 1st June last year this Council adopted a resolution modifying a former resolution of the 2nd August, 1902, laying down the rate of exchange at which pensions under the Widows' and Orphans' Pension Scheme expressed in dollars should be paid in England. It was then the intention to pay all such pensions awarded in future at the current rate of exchange. It has since, however, been represented by certain officers that they have an equitable claim to payment at the conventional rate of 3/- a dollar, on the grounds that the salaries or pensions upon which their contributions to the scheme have been calculated, although nominally expressed in dollars, were actually equivalent to sterling salaries at the fixed rate referred to, owing to the operation of exchange compensation allowances or other special exchange arrangements. Government has recognized that in certain of these cases an equitable claim exists and it is, therefore, desired to have authority to make payment at the special rate in such cases after consideration by the Executive Council. The general position will, however, remain that ordinary dollar pensions under the Widows' and Orphans' Pension Scheme will not be entitled to any rate of exchange other than the current rate, wherever paid.
THE COLONIAL SECRETARY seconded, and the resolution was adopted.
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