CO129-601-1 Salaries Commission- currency basis of emolument 9-1-1948 - 5-6-1948 — Page 66

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

C., O.

Butters

Mr.

Mr.

Mr.

Mr.

DRAFT. LETTER

53723/6/48

66 5

Permt. U.S. of S.

Parly. U.S. S

Secretary of State.

Your Reference....

For Mr. Mayle'sSignature

Dear Serpell,

Desp. 13/2

12th Feb. 1948

D.R. SERPELL, ESQ., 0.3.E.,

TREASURY.

(Copy of 1.)

Will you please refer to

Hong Kong telegram No.34 of the 9th January,

1948, copy of which was sent to you but of

which I attach a further con for ease of

reference.

In Malaya where salaries have in

the past been quoted in local dollars,

it has been the practice for purposes of

leave salaries and pension paid in the

Unitew Kingdom paying salaries when on leave or on pensions

prvision

ni

tho

Canditinis

The relevans

appoinhinens

Me:-

FURTHER ACTION.

V.I. Cuman.

lan

대

in tan

his drak)

Copies for Areets.

to C

etiremon for Jollen

or dellarg to be

✔ converted to sterling at the Government

rate of exchange

of 2/4

2/4 to the dollar.

We propose that in Hong Kong this

precedent should be followed and that leave

pay and pensions should be converted into

sterling at the rate of 1/3. As you a e

aware, this is the rate which Sloss employed

for converting sterling salaries into

dollars for the purposes of his report and

portberrate at which the Hong Kong Government

has in the past paid sterling salaries

locally.

/It