§ 66. Commander BELLAIRS
asked the Financial Secretary to the Treasury the difference made to the annual expenditure owing to the War bonus through a rise or fall in the average cost of living of one point?
The bonus is subject to variation in March and September of each year for every full five points rise or fall in the increased cost of living index figure on the average of the six months preceding. A rise or fall of one point only would not, therefore, affect the amount of bonus. A rise or fall of five points would make a difference in the expenditure on the bonus of permanent staff and salaries of temporary staff equal to approximately £1,370,000 a year.