"Under the present organization the pay of officers in the service is
about as follows:--
Governor-in-Chief L 2,000
16 chief factors 12,000
35 chief traders 14,000
Clerks, about 10,000
-------
L38,000
=======
"The following would probably prove a more efficient staff:--
Governor-in-Chief L 2,000
Lieutenant-Governor 1,250
4 councillors, at 800_l_ 3,200
25 chief traders, at 300_l_ 7,500
100 clerks, at various salaries, about 10,000
-------
L23,950
=======
"The saving of 14,000_l_. per annum would soon reimburse the
Company's outlay in buying up the present interests of the factors and
traders.
"The system of making the pay of officers (of the upper grade)
dependent on the success of the business, has worked well, and might be
advantageously continued, in a modified form, to be hereafter noticed.
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