76                                Laws of Maryland                        [Ch. 65

period and shall be deemed to have had annual payrolls exceeding
$150.00 in each year of such period.

(4) The Executive Director shall for the fiscal year beginning
July 1, 1947, and for each fiscal year thereafter, determine the con-
tribution rate of each employer who has met the requirements
specified in sub-section (c) (3) of this Section, on the basis of his
experience-rating record, in the following manner:

(i) The Executive Director shall compute a benefit ratio for each
such employer which shall be the quotient obtained by dividing the
total benefits chargeable to his experience-rating record which were
paid within the 36-consecutive-calendar-month period ending on the
computation date by the total of his annual pay rolls for the three
calendar years immediately preceding 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:

(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 ex-
ceed 0.6 per cent.

(C)  0.6 if such benefit ratio exceeds 0.6 per cent but does not ex-
ceed 0.9 per cent.

(D)   0.9 if such benefit ratio exceeds 0.9 per cent but does not ex-
ceed 1.2 per cent.

(E)  1.2 if such benefit ratio exceeds 1.2 per cent but does not ex-
ceed 1.5 per cent.

(F)   1.5 if such benefit ratio exceeds 1.5 per cent but does not ex-
ceed 1.8 per cent.

(G)  1.8 if such benefit ratio exceeds 1.8 per cent but does not ex-
ceed 2.1 per cent.

(H) 2.1 if such benefit ratio exceeds 2.1 per cent but does not ex-
ceed 2.4 per cent.

(I) 2.4 if such benefit ratio exceeds 2.4 per cent but does not ex-
ceed 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 (c) (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 ex-