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for married members of the staff is insufficient, and house
allowances are at the rates fixed by the Council, some regard
being had to the rate at which corresponding allow ces are
fixedin the Government service. Quarters in the University
compound carry free water and (up to a reasonable maximum)
free electric light.
There is at present no income-tax, in the Colony
and there are no rates or taxes in the usual English sense.
All salaries are subject to a deduction of 5 per
cent in respect of superannuation, to which the University
adds 10 per cent of the salary. The fund thus formed may,
at the option of the member of the staff be accumulated
either in dollars or in sterling, the rate of interest in
the first case being 6 per cent per annum, with half-yearly rests, and in the second case 5 per cent per annum, but the
sterling figure may in certain events be subject to reduction.
The entire sum accumulated can be withdrawn on retirement,
either at the end of a contract other than the first or after
the completion of 15 years' service or on attaining the retiring
age of 60, or from ill-health, or on leaving, with the consent
of the Council, to take up another appointment. It is equally
payable in case of death. In other cases, a member of the
staffs own accumulated contributions are alone payable.
Facilities are offered for keeping down premiums on life policies
out of superannuation contributien. The exact details of the
scheme are to be found in the superannuation regulations There
is a general age limit for retirement of 60 years. A member
of the staff serving on a permanent contract can retire at any
time on giving six months' notice.
governed
Other conditions of service are intended to be
•
by general regulations, liable to alteration from
time to time by the University Council.
There is a general obligation on members of the staff
2.