3
I do not think Wits carbe so
11 Dollar salaries:
om the assumption that the "240"
ABA
in live 1 of part 2
meaus
at $=1/8 of ₤2440,
The Requivalent
Salaires not exceeding $2,880 pa exempt
2 On tire exceeding $2,850,
૩૬૦,
Save $212.000
4
·
next $1500
3 ou
1st $1000
Cevy of
4%
8%
$2500
12%
159
5..
6 Oh amount above $5,000
III Iu
order
to Ename equality / sacrifice
belwen follar - sterling salaries, recouse is purposed to fixiyarbitraj rates for the conversion of £ salanes al rates higher those actually ruling
as the levies fixed under I
one regarded
as
adequate
In the case
1officers
n
Savi.
$.600.000.
112,000.
Total for $1,112.
Levy
Leaving a net defitit
for 1936
of
$3,638,000
a
leave.
This it is proposes to do by fixing
scale for 1936 as
follows:-
Jan - mar. Apl - June July. Sept Oct-Dec.
$= 1/6.
$= 1/51⁄2 $:1/42 $21/374
Two anticisus
suggest
themselves:-
Conversions are to be made
1.
at an arbitrary rate,
possible concspond
This should if
to that fixed {
Nã