aephen's pension fund

2. This memoranden

prepared by wor Young for the Judence

the Directors of

the Straits Settlements

Fund in

smilar

circumstances hul il

will affly equally

Hangkang tand

tottee

itte

the

ecersey alteration the hate

of the dash of Valaking from & valuation from

Subtitration Decenter

A

3,84

3,56

190z

1905."

3.

Ğ Decentr

the consequent substitutia the roughent

In respect

of actual widows

op 1905 for 1907.

h.

Hplans participati

in the samples will

من

سنا

مسلم

the case of

ttu Straits Settlements, cary these cases where √

Ute

deatte ; the

contribution occurred htüren the

3,sh

December 1900 the date f

Valu alim

I hand

516

on

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