CO129-558-3 Levy on Salaries- petition from Chinese Civil Servants 3-1-1936 - 19-12-1936 — Page 254

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5.

achieve the same results by fixing an artifical exchange rate for

each category of officer so as to bear more heavily on the higher

paid categories then on the lower. Thus officer (1)'s salary for

the first quarter calculated under the scheme is about equivalent

to what he would receive under a simple Treasury rate of 1/6). Similarly for officer (ii) a rate of 18/67a would give the same

result and so on. But this prima facie simplicity is really

illusory since it would involve separate exchange calculations for

different portions of one officer's salary and render paysheets

impossibly complicated.

6.

The effect on the taxpayer may be calculated thus :-

Sterling salaries (less #idows' & Orphans') for

the year 1936

£465,000.

If this were converted wholly at $1 - 18/3d &

swa of $7,140,000 would be required,

Instead

1

f165,000 is reduced by the cut to £145,600 approximately.

Allow 1/5th for officers on leave

89.120

£356,480

One-quarter

89,120

£89,120 # 1$/60

- $1,188,366

£89,120 @ 1o/5:d

$1,239,930

£89,120 @ 13⁄43⁄43⁄41⁄4¿Q

589,120 @ 18/34a

$1,296,290

-$1.358.019

$5,082,605

Officers on leave

f89,120 € 18/3d

$7,440,000 as above

£6.503.525

Seving

Instead of

$ 931,475

$ 309,520

$1.125.920

$6,508,525