61 No. 96
HONGKONG.
REPORT ON THE WIDOWS' AND ORPHANS' FUND FOR THE YEAR 1895.
Laid before the Legislative Council by Command of
His Excellency the Governor.
THE WIDOWS' AND ORPHANS' FUND,
HONGKONG, 22nd January, 1896.
SIR,We have the honour to submit the following report on the Widows' and Orphans' Pension Fund for the period from 1st January to 31st December, 1895.
A Statement of Accounts of the Fund to 31st December, 1895, is appended.
On 31st December, 1895, the Funds were disposed of as follows:-
On Fixed Deposit, Hongkong and Shanghai Bank,
On Current Account,
Do.,
TOTAL,..
$24,000.00 478.33
.$24,478.33
The monthly contributions amount now to about $548.
During the period under review, 56 Contributors joined the Service and 24 left.
As Mr. C. C. BoWRING has left the Colony, Mr. E. A. CARVALHO has been appointed to audit the accounts of the Fund at the same remuneration.
Mrs. BEAVIN's pension which was calculated in the first instance at $194.20 has now been reduced to $25.33 per annum.
Mrs. MOOSDEEN has been drawing a pension of $63.67 per annum from the 7th January, 1892. Three officers retired from the Service and half of their contributions was returned to them. There are at present on the books 151 Compulsory Contributors.
Of these 151 Contributors, 50 are bachelors, 98 are married men and 3 are widowers. There are 191 children on the books.
The average age of the three classes of Contributors (as far as it has been possible to calculate it) is as follows:
Bachelors...... Married Men, Widowers,...
28 years.
A fraction under 37 years.
.49 years and 4 months.
We have the honour to be,
Sir,
Your obedient Servants,
A. M. THOMSON, Chairman,
ARTHUR K. TRAVERS,
A. W. BREWIN,
J. G. DA ROCHA,
F. MACHADO,
Directors,
Widows' and Orphans' Fund Committee.
The Honourable
THE COLONIAL SECRETARY,
856+9
&c.,
&c.
STATEMENT OF ACCOUNT OF THE WIDOWS' AND ORPHANS' PENSION FUND, FROM JULY 1891 TO 31ST DECEMBER, 1895.
RECEIPTS.
EXPENDITURE.
BALANCE.
July to December 1891,
January to December 1892,
Do.
Do.
1893, 1894,
Do.
1895,.
843.96
$43.96
8,346.87
621.46
7,725.41
6,557.24
480.78
6,076.46
6,890.37
3,313.23
3,577.14
7,725.32
1,469.96
6,255.36
30,363.76
*5,885.43
24,478.33
* Refunds of amounts erroneously levied,
.$3,384.53
Working Expenses,...
1,169.00
Pensions paid,
Half Contributions refunded,
414.34
917.56
$5,885.43