CI
S
sull' Geuts
minute
7
9/12/35
on 2 in 56699/55 (Salaries- Sterling conversion rate)
DESTROYED
Holification of L/S afferral of temporary terry on salaries from 1/1/36.
2
TUTE
Put by
Ramnome 10/12/35
alonu
2 For Fel1
Copees of plans.
kif Budgetary position
8 Jan
1936
& Subents for
HK8 53699/15 dating converafferral scheme inaugurating Salary way.
53652/35 Estate
the following budgetary position:-
$
(Tome midday 4/1/36.)
(2) reveals
Estimated deficit 1935-
1. 000. 000
budgeted
1936
3.000.
3.000.
Additional cost of starting
commitments (&=1/3)
ress increased revenue from taxes
Nevies @ couva hinal rate
@couve
of $21/8
Total deficit anticipated
at 31.12.36
Total deficit for 1936.
7. 000.
100
1.
250. GoO
575
5. 758.
000
4.750. ooo
The salary levy schemes proposed me as
follows:-
2.
I Starting salaries:
Salaries not exceeding £240 par exempt.
Of thire exceeding £240p,
310000
Saviny $272.
4
a
· levy
or
The first ₤240,
next ₤360
₤ 400 £400
I on the amount celove ₤1400, 122%
50% 72%
10 %