COLONIAL
MON
OFFICE
A
42
My Reference........
Your Reference
There is, however
perhaps one reservation which should be made.
at some
time in the future there should be a substantial depreciation n the Hong Kong dollar, resulting in a substantial increase in the homenal value of Hong Kong dollar Salaries, then oborously the Application of the f/16 to the fi rate to pensionus would give exfatrate officers on a totally
unnecessary increase
in their
Sterling peusions. Accordingly are suggest that in
apeen to the Governor's proposal for application to present purposes. We should stipulate that he should make it' known that in the rate J
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