J. MILLARD TAWES, GOVERNOR 39

for any employer who has not been subject to the provisions of this
article for a period of time sufficient to meet the 36-consecutive-
calendar-month requirement, such benefit ratio shall be the quotient
obtained by dividing the total benefits chargeable to his experience-
rating record which were paid during the entire period, ending on
the computation date, that he has been subject to this article by the
total amount of wages for employment paid by the employer during
the period beginning with the first day of the calendar quarter
immediately following the quarter in which he first became subject
to the provisions of this article and ending on December 31 of the
calendar year immediately preceding that computation date, with
respect to which wages contributions have been paid on or before
that computation date. Such benefit ratio shall be computed to the
fourth decimal point [, and shall be expressed as a percentage],

(ii) The contribution rate of each employer for whom a benefit
ratio is computed shall be as set forth in the table below, hereafter
referred to as the "table of basic rates":

[ (A) 0. 2 if such benefit ratio does not exceed 0. 3 per cent.

(B) 0. 3 if such benefit ratio exceeds 0. 3 per cent but does not
exceed 0. 6 per cent.

(C) 0. 6 if such benefit ratio exceeds 0. 6 per cent but does not
exceed 0. 9 per cent.

(D) 0. 9 if such benefit ratio exceeds 0. 9 per cent but does not
exceed 1. 2 per cent.

(E) 1. 2 if such benefit ratio exceeds 1. 2 per cent but does not
exceed 1. 5 per cent.

(F) 1. 5 if such benefit ratio exceeds 1. 5 per cent but does not
exceed 1. 8 per cent.

(G) 1. 8 if such benefit ratio exceeds 1. 8 per cent but does not
exceed 2. 1 per cent.

(H) 2. 1 if such benefit ratio exceeds 2. 1 per cent but does not
exceed 2. 4 per cent.

(I) 2. 4 if such benefit ratio exceeds 2. 4 per cent but does not
exceed 2. 7 per cent.

(J) 2. 7 if such benefit ratio exceeds 2. 7 per cent.

(iii) The contribution rates assigned under the aforegoing pro-
visions of paragraphs (e) (4) (i) and (ii) shall be subject to the
following adjustments upon satisfaction of the conditions set forth
herein below:

(A) For any calendar quarter, when, as of the beginning of the
first day of the preceding calendar quarter, the total amount avail-
able for benefits in the Maryland Unemployment Insurance Fund is
a sum which exceeds 10% of the total payrolls paid by all employers
during the first four of the last five completed calendar quarters,
which payrolls were subject to contributions and reported to the
Executive Director, all contribution rates shall be reduced by 0. 3
except that those contribution rates which are already set at 0. 3
shall be reduced by only 0. 1 and those contribution rates which are
already set at 0. 2 shall not be further reduced. Provided, any em-
ployer whose benefit ratio as calculated under the provisions of
paragraphs (c) (4) (i) and (ii) exceeds 3% shall not be entitled
to any reduction in contribution rate hereunder.