in mind that
if the fund is not taken
over
by the
Government, it was
only be possible to sanction the
examination of the effect on the reserve
of the Fund of adopting the Ceylon Tables,
my predecessor came to the conclusion that,
while not completely clearing up the question
of adopting such tables
as the actuary might
recommend as
suitable for the cases of Hongkong.
HK
was sufficient to justify their adoption, in the event of the Government taking over the Fund. But the actuary has never committed himself
to recommending the adoption of the Ceylon
Tables in the case of the Fund not being
taken over, and the same applies to the concessions to bachelors and widowers without
pensionable children. It must be borne
14. I will now proceed to explain the
reasons for the abolition of the Fund. By
this course the interests of members of the
Fund are in no way injured. The Government
binds itself to pay pensions according to
Pension Tables mentioned in the ordinance, and
the rates contained in those Tables are based
on the assumption that compound interest at
6 per cent is, and will
continue to be, paid
The only advantage which Government obtains
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