SALARY CUTS.
AMERICAN PROPOSALS. Hoover Prepared to Accept Reduction. HIS DWINDLING FORTUNE. (United F.A.—Elcctric Telegraph—Copyright) (Received 11 a.m.) WASHINGTON, January 20. Official circles in Washington were considerably startled when Mr. Wood, member of the House of Representatives, despite the general belief that President Hoover was opposed to reductions m Government rates of pay, asserted in the House that the President was not only not opposed to Federal salary reductions but would reduce his own salary if the employees would do likewise. Immediately a movement was launched to place legislation before Congress for salary cuts in every branch of the Government service. Jlr. Wood stated in answer to questions that Mr. Hoover's private fortune was below £200,000, and had dwindled considerably lately due to gifts to charity. Senator Borah presented a bill to the Senate proposing cuts beginning at 0 per cent on salaries above £1000, and increasing up to 20 per cent above £2000. The salary of the President of the United States is approximately £15.000 per annum, with a travelling allowance of £f>ooo.
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https://paperspast.natlib.govt.nz/newspapers/AS19320121.2.48
Bibliographic details
Auckland Star, Issue 17, 21 January 1932, Page 7
Word Count
174SALARY CUTS. Auckland Star, Issue 17, 21 January 1932, Page 7
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