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

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