Four International Settlement ratepayers, including Mr. Robert L. Stewart, of the American Radio Equipment Ca, attended yesterday"
of the special committee of d to investigate the exchange and cost-of-living bonuses employees.
s held at the Coun-
ME. Administration ca ratepayers, ho were there at their own request. were allowed to address the committee.
The committee which is pursuing the investigations consists of Messrs. W. J. Hawkings (Chairman), W. H. Stewart, R. E. Gilleland, H. S. Foulsen, C. C. Woo and Y. Hanawa, Criticisms During the meeting Mr. Stewart criticized Mr. G. E. Mitchell, who as Chairman of the Staff Committee, he stated, agreed to a resolution sera ping the settled principles of ex chan adjustment and other important provisions of the Economy Committee. At that meeting of the Staff Committee, Mr. Stewart pointed out, the original terms were increased by more than 600 per cent. These increases, he alleged had passed unnoticed but the supplementary increases had been so intensely resented by ratepayers that the present committee had had to be formed to investigate the matter.
Mr. Stewart also criticized the silence of Mr. C. S. Franklin and Mr.
W. J. Keswick, two of the Staff Economy Con he added, should be hea matter and all opinions presented by the committee be subjected to their scrutiny. In the circumstances, however, as Mr. Keswick was absent when the December 23 report of the Staff Committee was made, he did not think that these two gentlemen could be expected to proffer their views to the committee.
During the rest of his statement Mr. Stewart stated that the increases had gone to the wrong people and that the rates would be raised by 20 per cent.
Text read from the printed page and cleaned; old type leaves the occasional error.