The Fund in 1914

On 1 January 1914 there were 242 male officers who had been appointed objects of the trust declared on 23 December 1913.

The total annual salaries of these male officers was £27,934 which meant that the average salary was £115 per annum.

Those male officers with the highest salaries in 1914 were:

  • –          Hugh Orr (joined Company on 15/1/1898)                                £673
  • –          Harrison Edwards (joined Company on 14/4/1901)                  £630
  • –          Thomas Yates (joined Company on 1/5/1903)                         £550
  • –          Arthur Fenner (joined Company on 12/7/1896)                        £406
  • –          Arthur Franklin (joined Company on 2/3/1897)                         £385
  • –          Lance Addison (joined Company on 15/11/1908)                    £366
  • –          Robert Rutherford (joined Company on 22/9/1896)                 £348
  • –          Alfred Horsley Chapman (joined Company on 4/7/1888)         £321

Note: Alfred Horsley Chapman was receiving a pension of £44/11/8 in 1931

The Fund commenced with £50,000 vested in the three Trustees.

The sponsoring employer contributed £30,000 and the Chairman, Peter Waite, and the surviving founder, Robert Barr Smith, each made a personal contribution of £10,000.

Details of the calculation of the pension for Alfred Horsley Chapman can be found here.