Intimations.
THE HONGKONG TELEGRAPH THURSDAY JULY
when the Stals laket över^a ruilway'it is equi valent to the public becoming proprietors, but
WATSON & CO., vernacular papers to the effect that the Govern
LIMITED.
· ESTABLISHED A.D. 1841.
OUR
ÆRATED
of
1958
kong and Maisleurs Waterlow & Sons, Limited,pins, if and when they mest the right gith, London Wall, Loudon, the printers of the ssid and the latter are fivoured with opportunity. volume shall be deemed to have been appoint. Then you hava a small sect who diabeller ed the Government printers of the said revised disease or death. These hope for immortality. volume of Ordinances within the meaning of Una can only envy their belief, Bat The Enidine (Colonial Statutes) Ord.oance, of them refuse to die, we cannot well make ex ception la their favour. Then you have arquad which advocates provision of a capital sum for the maintenance of the widow Insteld of a pastion. Now to this class will spe
home in the Workmon & Compensation Act and has proved a fallure Experience shows that none are so extravagant is widows left with a lump sum of money and it as been bierved that what they delight to waste their resources on is the a quisition of a new, and, as they think, more eligible husband, Now I am quite sure that no married contribute of the Hoogkeng Widown and Orphans' Pension Fund would contempla e with equanimity the prospect of bis widow
on the question of the rehab litation of japan's SWZGISLATIVE COUNCIL fiDauces it was held, that, the exisileg com It may be that the reference is solely to monomercia) depression is due rather, to
A meeting of the Legislative Council was held in the Council Chamber this afters plies. This would appear to be the case from eramenta mlimanagement of the fios,ce
nooo, Presenti-His Excellency the Gover the tenor of a emaik made by sus of the to purely economic causer,
nor, Sir Frederick Lugard, K.C.M.O, Hon. Mr. were passed to the following
F. 1. May, CM.G., (Colonial Secretary), Hoogos, Mr. L. A. M. Johnston (Colonial Treasurer) WIDOWS AND ORPHANS' BILL Hon. Cipt. Basil R. H. Taylor, R.H., (Harbour The Colonial Secretary, in moving the se Master, Hon. Mr. E.A Irving (Registrar cond reading of the Bill entitled An Ordinares Sir Hoary Berkeley, Hos, Mr. H. E. Pollock, of Hongkong of the Widows and Crphans' xc. Hon. Mr. Wel Yuk, CO Hon. Mr. Mur. Pension Fund and of the Management and ray Siewan, and Mr. C. Clementi (Clerk of Coniral of the Pensions of hidows and Orphans Council),
anto consolidate the lawn in relation thereo, g
said: The correspondence that has been laid His Excellency Major General Broadwood, on the table shown the reasons for the pro posals of Government ambodied in this Ordin Hon. Mr. W. Ree Davier (Attorney General),unce, which is in effect that in ridin for Hon. Mr. W. Chatham, C... (Director of the contributions of conibutors to be Widows' Public Works):
and Orphans Fund, con tingin Hon Mr. H. A. W. Slade.
a→ deduction from their salaries, the Government should take over the Fund and guarantee the
ment prevented foreign capital from being in At present the principal of the national troduced into the Empire by its predisposition loans is being repaid at the rate to monopoliae private businesses, with the Y37,000,000 annually out of the sinking result that the financial depression was made funds The amount" repaid"annually should General), Hen. Dr. Ho Kai, M.B., C.M.G.. Hon. to provide for the Transfer to the Government word of warning, The thing bas bien tried at more acute. The same paper urged business be increased by about Y20,000,000, and the men who had been elected as members of the sinking fund accouters should be made Abuse of Representatives, to press the Goveró. | public. 3.-An' extanijos of the railway" in ment to comply with the public desire. “At | emential, but is the first instance the existing any rate," contidues our contemporary, "overy- | liner should be im, roved, in order to miko thing tanda to indicate that the slow progress them perfect communication organi,,- 3-A of the restoration of pormal financial coodi, careful investigation should be made with
WATERSins, despite another excess of imports over
are guaranteed ABSOLUTELY PURE, Being manufactured with the FINEST INGREDIENTS OBTAINABLE.! There
exports in the fat ten'days "of the present morih, reveals incompetence on the part of the Government. Regardless of the depression, a number of companies bave bocu able to propose Waters are manufactured UNDER THE dividends at the rate of 10 or 20 or even jo per PERSONAL SUPERVISION OF ENG.Cent, per annum. The daily revenus of the LISH EXPERTS,
railways, the amounts of the deposite in the banks and postal savings banks are increasing, The most up-to-date Automatic Plants while the price of commodities shows a ten- and Appliances are employed, ensuring tency tá decline." There is surely something ENTIRE ABSENCE OF ANY FORM.nomalous in such a condition of things. The
OF CONTAMINATION.
THIS SEASON'S SPECIALITIES
LIME FRUIT CHAMPAGNE,
in Splits :
creating and the sums at the credit of depo.
the first signs that a country is fioancially stricken and that the burden of taxation is Price $1,20 per dozen.
weighing down the people is found in wholesale Credit given of 60 cents per" doxen for withdrawals from the savings banks which are bottles returned in good condition..
patronised by those who have only small sums to invest. In Japan the very opposite seems to be the rule. When money is tight and people are without means they usually desist from travelling, preferring to carry on their aegotia- tions through the medium of the post-office, thereby saving the cost of the fares and per- mitting them to keep a personal, urip of their business. Not as in Japan apparently. The
|
regard to the coming tariff revision. An inde
pendent Customs account should be estab- lished. That does not seem to carry the matter much faither, but it shows how anxious the country as a whole is to reach a position of financial security.
LOCAL AND GENERAL
CD
ADSENT.
MINUTES,
•
tig foto the arme of another man. Then The minutes of the last meeting were rend paymast of the pensions thereunder which are and confirmed. -
calculated on the basis of 6% compound inter if the Fund remained as it is, it might ba you come to the individual who considers that FINANCE, The Colonial Secretary laid on the table the object for which the Widaws and Orphans to excess of contributions over pansions. est upon the monies In the Fund. The
possible to lacrease the prosions, owing report of the Fluance Committee (No, 11)). ^:
Prusion Fund was institu'ed in 1891 was PAPERS.
It is extremely difficult to convince, this to oblike officers of this Government to make class that in advancing this doctice they provision for the r widows and orphans, since are calling in question the calculations of the the p nions which officers earn under the rules expert actuaries who valued the Fund in 1906, only an not to their wilows and children has once received from the actuaries. Now, 'of the Colonial Service are payable to officers
and the advice which the fecretary of State The necessity for such a food was demonstrat Sir, has been explained in the Secrt
The Colonial Secretary, by direction of the Governor, laid on the table the following Report of the Inspector of Schools for the year 1907: Reports on the health sed sanitary
REUTER'S telegrams, Cautan votes, crimi-papers pal sessions and a report of yesterday's water pole match are printed on the seventh page.
done.
communicable diseases or not, it-is satisfactory and the consequent decrease in the returns of to note that for the second time within a few days no fresh case" of plague was recorded by the Sanitary Department as having occurred during the last 24 hours.
THE WEST RIVER FLOODS, 50, VICEROY THANKS HONGKONG. LEGISLATIVE
found 36 struck out and 40 substituted and 36 only. Now on coming to the Council they they found among the extry Financial Minutes a minute involving a very mount indeed namely, a proposed void of $190,50 in aid of the vote Public Works Extraordinary, Mongkokispi Breakwater typhoon refuge for small craft. We did not think that suddenly sprung up n the Council at the last a vote of that magnituds should be moment, & vote which was not included in any way in the notice which was sent out. He did not think therefore that they ought to be asked to pass the vote at 1
that meeting,
to the Public of this Colony for charitab'e relief of the widows and prphaos of deceased officers were of very frequent occurence Officers, who joined the Sivice, prior to the
namely, the closeness of the approximation if the mortality experienced and that assumed in the mortality tab'e; and secondly, the ac curacy of the actuarial process by which the
Government is at its wits end to raisa sufficient SEVERAL shops along the Praya East and condition of the Colony of Hongkong, for the ed in this Colony in the years prior to 189tary of State's despitch, the accuracy of revenue to meet the laterası on foreigä loan Jardion's Bazaar were flooded lachas deep this year, 1957 y Cprraspondence relating to the when app ication to Government and, indeed, the pension tubles depends on two fielors,
West River floods." and at the same time to provide for the national afternoon, the result of the heavy rain.
FINANCIAL"MINUTES. · serv ces, and it seems impossible to increase | A Huge rack, becoming loosened by the rain The Colonial Secretary laid on the table he already high taxation without crippling this morning, crashed down from the hillside Financial Minutes Nos. 13 to 40. It was rade: Yet the revenue of the railways is in above Bowen Road to-day, No damage was agreed that they be referred to the Finance institution of the food, had the option of pession tables are deduced from the maitality
Commiure..
joining it Cfficers, who ned after 1891, sitors in the savings bloks is growing, while WHATHER we have to thank the heavy rains to the fact that a potice was sent to boni"mem cedent' to" their appointment. Now it will an e ample of how an actú try would value pues DRY GINGER ALE the price al·food stuffs 'is decreasing. One of of the past week for the cleansing of the city bars only two days ago referring to votes 33 10 be asked whyydoor the Government wish butor and make a credlior, and debtor account Mr. Pollock said he wished to draw attention were obliged to join as a condition pre- table and the rules of the Fund. Let me give
that the object of the Government is pri cont ibutions already received from him, secụ, Fund. He would take each individual contri to take over the fund? the auswer is for him On the credit side, he will put down the marily benevolent. It is very desirable bal mulated al-six per cent, compound interes", and the solvency of the fund should be assured.also the calculated value of any future contri- Now, under the existing Ordinance, Govern butions. On the debit side he will put down the ment is bound to piy 6%, compound interest calculated value of any prospective pansion to on the "mories belonging to the food. As long a there is Goverment is sufficient. Bat if, as might assers aver liabilities such contribution by happen at some future time, there were a debil instead of a credit balance, the deficit wou'd incre ise since the Government contribution of interest would be calculated on a sum smaller than that needed to meet the future liabilities would, in fact, be less than, that needed to
liabilities. To the contingency of a deficit one: maintain the equilibrium between assets and of three things would have to happen: Either the fund would become bankrupt which would be a calamity for the many dependent be increased, or pessions woul! have on it or contributions “would have to
would involve much dissatisfaction and are to baived if possible. Secondly, the Goy ornement by taking over the fund avoids the actual payment of interest on balances
WATSON'S
FRUIT SYRUPS Mixed with Aerated or plain water make
DELICIOUS. COOLING DRINKS.
Guaraniced to be made from the PURE
W
-COUNCIL.
At a meeting of the Legislative Council this afternoon,
'
The Colonial Sacretary aid the bon,
༔ *
any one year; the probibility in the event prob bility of the contributor dying.in
• surplus of and children. This valug must, „ölər.
courie, be calculated by estimating the
of his death of li's wife being alive and the expectancy of her passion. Now I do not suppose that anyone will call in ques culations are made. Life insurance companies tion the actuarial process by which the cal
raduction in the price of commodities may be $30,00` for the relief al the, distress in South member seemed to be under a misapprehen- of the lund. The Government contribution, dever presume to do so. It will be srem, there
due to a variety of reasons. It is possible that merchants are selling off their goods at a minimum cost in order to obisia ready money, while native dealers are contest with smaller prices for their products owing to the general scarcity of liquid cash. But from whatever
ing, Referring to Kobe in particular, our con- temporary states "That"; "At the end of the 'first
His Excellency, the Governor said- few days ago this Council voted a sum of China. That sum was duly forwarded through the Consul-General to the Governor-General of the two Kwang Provinces, and have just received an acknowledgment from the Consul General to the dispatch with which it was sent. I will read it to you s
sign. It was not intended to ask the Coun cil to vote the sum this afternoon; was only proposed to refer it to the Finance Commities where he would have much plea sure in giring the hon. member and other has members every information on the subject. the orders of the day. The object in putting He regrested that the mante did not appear on
the earliest possible information of the liability the Government had incurred
JUICE OF SOUND RIPE FRUIT, "andprint the saj.ct is viewed it is perplex copy of despatch which have received from it forward was that the Council might have to be reduced. Both these latter, remedies, 'colodies and they are never likely to adopt ethart,
HONGKONG, CHINA & MANILA,
Established 1841. Hongkong, 18th July, 1908,
The Hongkong Celegraph
HONGKONG, THURSDAY, JULY 23, 1958,"
THE PERPLEXING SITUATION
IN JAPAN.
fall cause it was unable to discover a way out, of what appeared to be safe ane and the sex Government is faced with the problem of fioancial reform, while all the time money is going a-begging. The same thing applica
་
The enclosure is in Chinese and I am not competent to read it, nor do I think ben, mem, bers will expect me to do so. 1500, members will see that among the papers is corresp;ndence relating to the West River floods.
RAINSTORM IN HONGKONG,
LANDSLIDE IN BATTERY PATH,
F.
WADOWS' AND ORPHANS FUND.
fore, that the determining factor is fixing the accuracy of the calculation is the accuracy of ditious' it is impossible and: always will be lo the mortality table. Owing to its paculiar con get accurate mortality tables for Hongkong. Men don't spend their lives here. That is the the gth, I have now the honour to apclose
compelled to adopt the mortality tables of other "With reference to my despatch No. 104 of
real reason. Therefore actuaries have been the Viceroy in which His Excellency requests me to convey to your Excellency his deep
If they wished to a sufficient number of lives would have to be traced. The errors in cal. A. S. WATSON & CO., half of the year, the Basks were still ton timid sense of this Henggang mogliftive Coatitis Excellency the Governoremarked that
cola lan of the tables naturally decrease the voted by the Legislative Council no doubt Mr. Pollock would be satisfied with CFA LIMITED,
to make new advances. They were content to at your Excellancy's instance from the revenue the explanation which the Colonial Secretary | should 'such ix st.. Thirdly, uniformity with larger lbe number of lives investigatoi is. Tha make further advances no securities in their of the Cology as a contribution towards the had made. This was always'a pro form i voté
members of the Fund are a small community possession. At the same time, owing to the relief of the sufferers from the recent disastrous and they were anxious that it should come up of Ceylon and in the Civil Service of enracy it would be necessary to obtain, ike the systems obtainjog in the Civil Service and to obtain tables of any degree of RC unfavourable condition of general trade and floods io Kwangtungand, Kwangel. The now, so that full consideration should be given the affiliated colony of the Straite Settle commerce, only a few persons have asked the cheque has been handed to the Prefect of to the vote. The session was rapidly drawing ments is obtained. The advantages to the lng the lives of ibair wives and childzes, statistics of the lives of contributors includ. Basks for funds. Having money in hand, Guilds to whom the distribution of organised tinn should be settled as $100 as possible, ars assured of the silvency of the fund another element of uncertainty. It is exchange. Canton for transmission to the Charitable to a close and it was desirable that this ques-contributors 10 the fund are that they 133 some banks are sending cash to their bead relief has been entrusted."
in many thousands of examples. There is Any objections or questions which hop. mem of the pe manency of their rate of con. The Fund is a dollar fund since contribuidas offices. The rate of discount is still as high
hers might desire would be given in committee tribution; ad of the payment of pensions are paid is dollars. But it has large and will as from 2.5 ien and 7.7 sen per Ytoo per day,"
when the vote could be deferred if necessary. under the more favourable tables attached 10 have larger sterling liabilities. A substantial So there again the situation becomes inexplic. |
The matter then dropped.
this Bill-taħles which the Secretary of Stale abte. The banks have so much money in hand
reserve must be kept to geard against flucina considers the Government guarantee of the fund that they find themselves in the quandary of
Mr. Ha, Pollock, punuant to notice, asked justify. In addition, the food is relieved of the tions in exchange. For these reasons it is imy' bot knowing how to dispose of it. And yet the
the following quesli-With 'Yeltrence to heavy expense of periodical valustions by possib's to hope for better pensions thas eru the statement in paragraphs of the despatch of very highly paid actuaries, such valus ions be now offered. Lasily there is the cbjector financial situation of the kingdom was 10
the Officer Administering the Government to ing obviously necessary while the fund is not who objects bat the Fond should be valued be desperate a few months ago that innumerable
the Secretary of State, dated, the 24th June, guaranteed. The following direct advantages are fore Government takes it over and mot aftur," schemes were being devised to relieve the
1907, to the effect that "the great majority of contained in this, Bill and with the new per. Now, the pension & Wes under the existing. Nema from Japan at prevent is principally strain, The Jin Government tottered 10;318) #snt rainfall which has provailed in Hongkong the chairman, were opposed to the transfer of from the Ordinances which it supersedes (4) Bill now before Council. The Secretary of As the rest of the tremendous and incer- the contributors, and all the directors, except sion tables constitute its principal difference Ordinance are different to the tables and the concerned with the financial situation which
for nearly a week, the city, in many parts is the Fund," will the Government stale whether Bachelors, who are dismissed the Service, or is far from being satisfactory, although it has
practically knezdeep in water. There is scare any, and, if so, how many of the contributors, who die, have. joy of their contributions re her this Bill becomes law under the sow *tate has prom'sed that there shall be valuation improved, very considerably since the begin
cely a single, thoroughfare in which the drains who were then opposed to be transfer of the turned to them or to their legal representatives tables for the purpose of ascertaining. il ning of the year. The vernacular Press, espe,
have not burst through the manholes while the fund, have given optice toy Government as the case my be. (b) Widowers, in the any balance is available for distribution cially that portion of it which represents the
ullabs are overfling in every direction, of any alteration of their views on the subject? event of death of their wives, without children,mong the present subscribers in the shape of vlows of representative financiers, appears to to the great commercial centre of Osaka. Way of the watermains have burs at accoust. The Colonial Secretary replied: There are or leaving children beyond the pessionable bonuses on the pensi us. There would thus attribute the continued depression to the misread: The advances of the Osaka branch of life occurred in Battery. Path, complete and the Shanghal Post Office Staff, officera in on leaving the Servics and obtain a refund of
of the pressure. Tais afternoon a huge land. 6rosubscribers on the lists, all except pensioners age, are permitted to cease their contributions have to be two valsations which would management of the last Cabinet, but no definite the Bank of Japan have dropped to Y4,000,003, ly blocking the roadway. Ton streams of some out-slations, and thote on leave have so% of their contributions from the date of
be a heavy expense to burden the ford with. Ard for the reasons stated above a valdsifon faults are laid at the door of the ex-Premier while the amount of deposits bas iöcreased to water from the higher level had evidently been asked to express their views. Returns their wives' deaths or of their children exceed now without any real experie; ce of the morta- Marquis Saionji. Everybody, is looking tothe Y5,100,000, this being the best return fat some Percolated through the fosse strata and in con- are in host cases complete. Four hundred ing pessionable age." (4) Compound interest would dot throw any material additional !i'y among suber beis 10 the Hongkong Fund new Government to relieve the stress and case time past, Consequently the discount rate has overhanging Battery Path were undermined stated they had no objection to transfer, tions of bachelors This is a valuable pri light on the matter. It may be objectedukat in
sequence the roots of several of the large trees and six have either expressed belt approval or as 6 in allowed in calculating the contribu the position, but exactly how that end is to be at fallen by one in or ball-a rin, with the result and climately fell with a crash on the road. Thirty-seven have objected. It is im- vilage especially in the case of thpasuch case the Government incors a risk in take Jaised is somewhat obscure. The new Cabinet, that it is now it between 1.4 sea and 2.5 sex way. Fortunately, it does not appear that any possible to any how many of these, now officers who have served for a consides is over the Fund. Well, it cannot be denied is we are told, is credited with the intention of mikper. Ytoo per day. The rate of interest on call 000 was injured as a result of the accident. In in favour opposed it before. It is probable able period before marrying. (d) The new
that it incurs a vesponsibily.- betharibajajna in ing sweeping changes in the national finances, money is 1 8 son for short terms and 2.2 son for other parts of the city minor landslips have that all have altered their views. Thus it will tables attached to this Bill are more favourable risk or sol' turns on the point whether the which is bound to have a favourable effect on the long terms." The fact sarms to be that the followed the persistant dawapour, which, up to be seen, that 167 have given no opinion, if by from 15% to 30% in the case of the averageable in other words whether Ceylon ise
mariality experience of Ceylin is too favour general situation. In a commercial article the peopl", the merchants of Japan, bas not yet re-regard to Battery Path residents from the Peak of 312 in favour of the Government's proposals, vce, and the fund, at the beginning of the present shows.00 signs of cessation. With they all opposed thers would still be a majority officer who has joined the Hongkong Ser- Kobe Herald observes that in view of the cause covered their nerve after the panic which were put to great inconvenience in reaching of the fall of the Saionji Cabinat; Japanere followed the wholesale closing of the smaller the city. The chairs had to take long round that he would ask the following queuing officer who jolas the Service over-the-sze Mr. M. Stewart, who had given notice his career. Ca the other hand, the papers belleve that the new Katsura Cabise banks in the provinces. The substantial bank- | about routes, which added to the discomfort of "Bave the Government taken steps to ascer of over will probably not get so good cannot but, work with the above mentioned ing institutions are also chary in the matter of the journey, especially as a strong driving wind tain the individual wishes of contributors to the pension for his widow and children under the purpose. At any rate, the formation of the advances, and the result is that everybody is number of privats gardens, expecially in Government's proposal to take over that Fund; provided that officers already in the Service Mr. Stewart said the speech to which they
swept the rain through the contains.
Widows and Orphans' Fund, with regard to the now tables as under the old ones. Bet new Cabinet will have-vary great influence on looking to somebody else for the impulse which the upper levels, was inundated. In Queen's and, if so, will the Government inform the mora shall not get less. The object is to prevent the had just listened was an instructive a change in the money market.. All the papers will be lead to renewed prosperity. Such a Read, where the drains were unable to carry bers of this Council how many subscribers are fand being unduly burdened by large, pensions on the correspondence which war fald on agres in attributing the cause of the financial state of affairs is no doubt natural, but if it is the huge volume of water, the street waren. for and how many against that proposal?" to the widows of highly-paid officers who join table a week ago. In that corresponde dépression to the Government's mismanage continued for any length of time it may work dered impassable for pedestrians during the said : After the reply to Mr. Pollock's question, this service late in life. Let me now turn for appeared to him were to be found all the ment. The Jiji and CAugai Shogyo Shtoho sa much harm as would an unlimited
colinuance of the heavy rain. In places I do ant consider it necessary to pot my ques. a moment to the objections that have been to which their attention had bros drawn saveraly criticis: the authorities forthe Gover- readiness to accommodate budding indus Through a number of the retaining walls or f
ronds have been several inches under water, tlob to the Colonial Secretary.
raised by the minority to the taking over of the if was, to say the least of it, remarka) ment monopoly of various businesses: They tries. When the bankers and merchants Caine and Robinson Roads, as well as on
EVIDENCE ORDINANCE
fund by Government. First of all, there are significance of these facts had breu kiate that the finsocial depression is largely at regain confidence in their operations we fully Conduit, Bowen and Macdonnell Roads, the ing of the Bill entitled An Ordinance to amend the benefit of their married colleagues They officials of this Council including
The Colonial Secretary moved the first read the bachelors who object to be mulcted for Impressing themselves on the tributable to the increase of pational loans, and, believe that Japan will enter on a new era of water spouted like little fountains. Down the The Evidence (Colóniz) Statutes) Ordinance are of two classes. The young and gay, whom Secretary, In his letter of the as that increase has been effected by exim- prosperity, because the experience of the past and Peel Streets with Caine Road, the water The Colonial Treasurer" seconded, and the item it may be safely predict
flights of stone steps at the junction of Shelley 1998, atta
"Ref] 1 will designate the Butterfly Brigade":"Of referred prdinary msaus, so the amount can be decreas- year or two will not quickly fade away and rushed down is expansive sheets. The incline Bill was read a fint timber wiit all marry
that they, the ed by extraordinary means only. They sug fature operations will be conducted on a sound from Fairview to Robinson Road presented The amending clause in the Bill reads make up their gest that, first of all, the nationalised railways basis, With regard to the position of the new a picturesque sight as did also "Gleucaly" Volume 1f of ibe revised edition of the Ordi- among the mat and some monopolised business should cabinet on programme has yet been enunciat raving where the water formed miniature cas- Races of Hp
ider the is likely to f cades. 7 he surface of the roads unprotected anthanity ofiha Bitinta
LEdition) Prearen. The elhur *by concrete has been washed away in sevarat | Ordinanca 1900 and
would-be
be returned to the public.___It_is_ami_ed; but Japanese fancier are doing their best
ما
what difficult to understand what is ment to is the Government. Ata recent dinner at placer, and little trenches have been formed Nos of
the cationalised railways i
to which several of the leading basintas menof the along the side channels which will require the (be deem From the British point of view, Kingdom were present a discussion took place | stleation of the Public Works Department:
You that these
healthier place to live in thon Hopk
Pigbibly little diff reece and that therefore ink that it may fairly be assumed that thoig
Government does not locar undue risk jakkes guaranteeing the pensione calculated in th tables attached to this Bill
the fact that the cop
ng fund had'
long