[456B) Wt. 32483/800 100m. 11/48 C.N.Ld. 748
C. O.
Mr. Palmer.
1016
Fairclough 6
Mr.
Mr.
Wallace
Mr. Bourdillon
Wallace Sidebothan Wallace 2017
DRAFT.
C.G.S. FOLLOWS, ESQ., C.M.G.,
COLONIAL SECRETARIAT
HONG KONG
Jam
(3)
fin tuna
the dely, sony fo but we
have had traffing diffinities culminating fischsthan's obsemen fuck
for nearly five wicks (He is now back, but on medial
working
N.P.
FURTHER ACTION.
(21)
$217
m
1948 file
(2)
15511/49
Permt. U.S. of S.
Parly. U.S. S.
Minister of State
Secretary of State
Your Reference...
Dear Follows,
(၅
LY
कन
C. D. # 21 JUL 0.914
||
42
23 JUL 1949
Wallaw
For Mr. Sidebotham's signature
replying tr
Many thanks for your letter of the 5th
to Sidebothamants
April, 1949, regarding the rate of exchange to be
applied to the pensions of expatriate officers.
5
I think there must be some misunderstanding between
us which probably accounts for the difficulties
referred to in your letter. As we see it, there is
always a danger in giving an unconditional guarantee
as regards the future when it is not possible to
foresee what may happen in the future. In these
circumstances it seems to be essential to be quite
precise as to the conditions under which the guarantee
is to operate. At the same time we sympathise with
the desire of the expatriate officers to know how
when
they will stand when they retire on pension, if there were to be any alteration in the rate of exchange now
existing between the Hong Kong dollar and sterling.
Where the confusion arises, I think, is that a change in the rate of exchange might either be only slight
so that no revision of dollar salaries would be
justified, or on the other hand, it might be of such
a size that some alteration in the dollar salaries
would have to be made.
Paragraph 4 of your letter
and paragraph 2 of the Secretary of State's telegram
No. 640 of 1948 deal with the latter contingency,
whereas the Secretary of State's telegram No.171 of
/1949
No comments yet.
Private notes are available after approval.