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agreed, that should it be decided to retain the
services of the Reader beyond the 31st December, 1932,
the University would not offer him a scale of pay of
which the minimum would be less than £750 a year at
the current rate of exchange. It must be clearly
understood that though the Council and Court of the
University have approved the scale recommended by the
1929 Committee, no definite undertaking can be given
or has been made, as to when, if ever, the se scales will
be actually put into effect. This will depend on the
financial position of theUniversity and this condition
is almost wholly contingent on the exchange value of the
dollar.
The Reader will receive full pay with effect from
the date of his arrival in Hong Kong, and half pay with
effect from the date of embarkation on his journey out
to Hong Kong. When the Reader is leaving the Service
of the University (save in the event of dismissal) he
will receive full salary during his voyage home.
The Reader will be required to become a contributor
to the University Superannuation Fund. The Reader' ន
obligatory contributions will be 5 per cent of the
number of dollars paid to him each month by way of salary
the University will contribute 10 per cent. The
retiring age is fixed at 60: Apart from the accumul a-
tions of the Superannuation Fund, there is no pension.
It may be possible to provide the Reader with
quarters in the University estate suitable for an
unmarried man. The Reader would be allowed to occupy
such quarters rent free, and no charge would be made
for water or electric current (up to a defined maximum).
9.
If
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