The Archive · 1936

MUNICIPAL ECONOMY

Some Calculations To the Editor of the "Nonru-Cunwa Dany Rews""

'Sin—Assuming the quoted figures as' to the amount paid to the late Secretary of the Council on his re-Urement to be correct, the cost his services to the community for eight and a half years may be roughly -ealeulated as follows:— years Salary at (say)

average of $90,000 per annum cash. payment on Fellrement 300,000 Cost of purchasing an annuity of £800—assuming fe ex-Peetancy of 29 years ses 1350) oral. yeo Divided by 81% and 12 is ap-—4 Rronthiy salary of once $ 4800

This does not include two Home Leaves and a few other sundries not worth worrying about.

Shanghai, Oct. 29,

Text read from the printed page and cleaned; old type leaves the occasional error.

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