The Archive · 1939

S.M.C. Heads Get Big Pay Increase

Exchange Anomalies Put Under the Glass

A "sliding scale" provision is responsible for "hard times" increases for Shanghai Municipal Council employees ranging, roughly, from 18 per cent. to 100 per cent, it was ascertained yesterday. In an interview, a high financial officer of the Council pointed out to a representative of the "North-China Daily News" that in the higher brackets the figures actually worked out somewhat below the percentages given on paper. Nevertheless, it is plain. that, on- the whole, the higher the salary the higher the increase due to high cost of living. known as "B" and "L/ remuneration has no direct reference to foreign exchange. They are thus not affected by the fluctuations of the Chinese dollar in relation to the pound sterling, gold dollar, etc. These workers, who receive the smallest salaries, benefit by a hard-times increment of 15 per cent. only. It is pointed out, however, that they continue to receive the normal increases in pay which come in the service of the S.M.C. with time and satisfactory

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

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