157

DESPATCH.

Governor.! No.

than 48

1905

22 Feb.

ast previous Paper.

No.

HONG KONG

109565

(Subject.)

C 0.

9565

REC

825 MAR 05!

W20lension Fund Report 1900

Altod 62:7 April

Y

3571

12-38

WEL (78)-3)! – 26600-71-4

Next subsequent Paper

11991

pents copres

as hand is accumulativs

so rapidly carcedes question of scale of contributions os receive

V

(Minutes.)

In Fiddes

conson 2an Acties

? Acknowledge in despatch

to be written

3571 [on which

See minutes] and explain that

a

Fund

f

this character must

necessarily accumulate considerably during

stages of

the Eather

its axistence and that

it by anoppene from an Actuary's Reption otten

no means follows from

the figures quoted by him, that the Fund could pay larger

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