CO129-601-1 Salaries Commission- currency basis of emolument 9-1-1948 - 5-6-1948 — Page 18

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

Dr. Sidebotham

18

S

I have spoken & M. Bancroft (Ph. Serpell

orked him give (14)

fain wind

delay

leave) and

me there

well be forme

may

f

The Treamy.

As (13) is the second reminder from

Htmy Komp

we thred sand

Ꮧ-

the just is at (12)..

interim telegram

Depp oppended.

منتکست

Tel. # Governor

trọng trong

16. J. P. Bancroft (Jay)

L.F.272/187/04B

I men

2374

no 484

24/4/45

7-5-48

Mr. Sidebotham.

1. (16) is the Treasury reply to (14). It declines to adcept the Governor's proposals.

2. Mr. Sloss told us the other day that there is very real anxiety among serving expatriate officers about their pension prospects if they accept the revised Salaries Commission terms with their concomitant of conversion to salaries on a dollar basis instead of a sterling basis, that officers feel (as is explained by the Governor in paragraph 3 of (11)) that the option before them is not a fair one, that they are in fact withholding their replies to the option for this reason and that the Governor has felt it necessary to extend the last day for opting (originally fixed, I think Mr. Sloss said, as the 31st April).

3. There is little that I can add to my minute of 31/3. Paragraph 5 of it has relevance to the Treasury objection that acceptance of the Governor's proposal would set a precedent which other colonies might wish to follow. I invite reference to paragraph 5 of my draft of 2/2 (behind 5) and to (3) and (4) which show that certain officers in

Malaya were at one time entitled to draw sterling pensions calculated on dollar salaries at a stated rate of exchange, whereas others were entitled to an Exchange Compensation allowance (which presumably had a similar effect).

I have managed to catch Mr. King in the lunch hour (he is, and will be for some time, fully

engaged

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