CO129-601-2 Salaries Commission- currency basis of emolument 27-1-1949 - 23-7-1949 — Page 2

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

1. Gov.

al.85 (Ref. 21 m +8).

27-1-49

1-492

I suppose the reason for wais proposal is that spiers want it.

in

Since the Spain (see 21 on 1948 file) is Open to all expatriate officers who were the service off the Tmy Kay for. last year

the parposal

20 years and to Micus

blindly

more

leaving

the option fem fr The advantage?

is that the patioin

time

ins

dote

2

can be taken less retirement.

6th world

The Wien connot have the best o

- 90 m

retirement with his pension calculated

If the mevailing rate of exchange and them later switch of the fixed

vice

advantageous

$16 the #1 roté

brane

if the change-ver

retirement he com

But the nemen this

moke his chrice, dimly

The better chance he has off making

allowed this belter

C

wire one.

he shred wt be

why chance ?

Nove ocenes

and subject of C.S.D. and 7.1.

2 there

any

f me Comments

objection.

? As in dift

Јител

reply.

that there is

ما

? I don't think we need refer of the

I. coreen

42

m' Wallace

ace the position

ar

see it is as

follows.

czer

Fel

3

3. 48

ne

Jard

pensions

would be

1/3 for

pard.

at the Goot rate. That rate has been

some time but i

may

change

the

future. The officers feared that the rate night.

be reduced

advantage.

(xay e.g)

e.g.)

15 1/=

this reducing

with no

no compensating

their pensions. To

safeguard him the agains this,

16 opt for salary

a

he

way

certain 1/3 rate (subject to

recision upwards

following

a

allowed

any

sty surge). depreciation in the fo

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