HERBERT R. O'CONOR, GOVERNOR. 23

(b) (2) Weekly Benefit for Unemployment. Each eligible
individual who is unemployed in any week shall be paid with
respect to such week a benefit in an amount equal to his
weekly benefit amount less that part of the remuneration (if
any) payable to him with respect to such week which is in
excess of $2. 00.

(c) Duration of Benefits. Any otherwise eligible individual
shall be entitled during any benefit year to a total amount of
benefits equal to whichever is the lesser of (1) sixteen times
his weekly benefit amount, and (2) one-fourth of the wages
for insured work paid to him during his base period; provided
that such total amount of benefits, if not a multiple of $1. 00,
shall be computed to the next higher multiple of f 1. 00.

BENEFIT ELIGIBILITY CONDITIONS.

4. (e) He has during his base period been paid
wages for insured work equal to not less than the amount
appearing in Column C of the table in Section 3 (b) (1), on
the line on which, in Column B of that table, appears his
weekly benefit amount.

CONTRIBUTIONS.

7. (a) Payment. (1) On and after January 1, 1936, con-
tributions shall accrue and become payable by each employer
for each calendar year in which he is subject to this Act, with
respect to wages payable for employment for the years 1936,
1937, 1938, 1939 and 1940, and upon wages paid with re-
spect to employment after December 31, 1940. Such con-
tributions shall become due and be paid by each employer to
the Board for the fund in accordance with such regulation as
the Board may prescribe, and shall not be deducted, in whole
or in part, from the wages of individuals in his employ.

(2) In the payment of any contributions, a fractional part
of a cent shall be disregarded unless it amounts to one-half
cent or more, in which case it shall be increased to 1 cent.

(b) Rate of Contribution. Each employer shall pay con-
tributions equal to the following percentages of wages with
respect to employment:

(1) Nine-tenths of 1 per centum with respect to employment
during the calendar year 1936;

(2) One and eight-tenths per centum with respect to em-
ployment during the calendar year 1937;

(3) Two and seven-tenths per centum with respect to em-
ployment during the calendar years 1938 and thereafter.

UNEMPLOYMENT COMPENSATION FUND.

9. (b) Accounts and Deposit. The State Treasurer shall
be ex-officio the Treasurer and custodian of the Fund, who