CO129-601-1 Salaries Commission- currency basis of emolument 9-1-1948 - 5-6-1948 — Page 44

F

Wt. 23364/665. 8/47. 50,000. S. & S. Ltd.

53723/6/48

C. O.

Radford

Mr. Mayle

Mr. well

Mr.

16/4

19/4

Barne

Tell 24/4

Mr. Baskin

DRAFT. S.0. LETTER.

D.K. SERPELL, ESQ., O. B. E.,

}

TREASURY.

FURTHER ACTION.

4.1.5.

Re-civet M. Wallace

√(404)

to consider interim перец 5 (63)

minnk

wh

20/4.

n Side Gotham 21/4

Permt. U.S. of S.

Parly. U.S. S

Secretary of State:

Your Reference. IF 272/187/04

("")

Dear Serpell,

21/4 p.

44

It

Ansel. (16)

For Mr. Wallace's signature

23 April, 1948.

Will you please refer to Hong Kong

telegram No. 271 of 9th March, 1948, a copy

of which has been sent to you, and also to

(5) my letter of 12th February, 1948, about the

(7)

exchange arrangements to be made for the

payment of pensions and leave salaries to

Hong Kong expatriate officers, as the result

of the adoption of the Salaries Commission

recommendation that all emoluments should be

expressed in future in Hong Kong currency.

You will remember that with

Treasury concurrence (your letter of 23rd February) we told the Governor that it

was agreed that the Malayan precedent should

be followed, and that the salaries and

pensions of Hong Kong officers should be

converted into sterling at the Government

rate of exchange.

we felt, and in fact still

feel in so far as officers entering the

Service on the revised terms are concerned,

that this was a reasonable proposal.

present

Leaving a side certain drastic and at present

hypothetical contingencies, there is no

reason to suppose that the Government rate of

exchange will vary appreciably, if at 671,

and