28
value of the dollar with sterling. This allowance
is on the following scale:-
When exchange is
at or over 4/4
# 4/- and below 4/4
#
3/8
#
#
3/4
14
3/-
#
2/8
Over
2/6
Allowance per cent
on salary is
0
4/-
378
9
3/4
12
3%
15
2/8
18
20
At or below 2/6
N.B. The current rate of exchange in Hong Kong
can be found in the chief Daily papers.
A monthly deduction of 4% is made as a contribution
towards Widows and Orphans' Pensions.
A Master whose services during his initial three
years agreement has been completely satisfactory
will, subject to the exigencies of the ervice and
a certificate of medical fitness, on the expiration
of that period be placed on the permanent and
pensionable establishment, his scrvice under
agreement being reckoned as continuous for pension.
When a Master is placed on the permanent
establishment he receives salary at the rate of
£460 a year, rising by annual increments of £20 to
£600 a year, and thereafter, subject to an efficiency
bar, at the rate of £625 a year, rising by annual
increments of £25 to £800 a year.
There are also several special higher
appointments on a scale of £850 to £1,100.
Assistant Masters may undertake private
tuition subject to the permission of the Director
of Education.
GOVERNMENT