to fix by resolution. 1/10 to

the

a

the Follar

rate of

exchange to

ве

adopted for the

purposes of

the

valuation; off

brut

the

not

e soys is

away

such

whether

resolution

has been actually

passed ding

LA

The Governor cordingly

brung requested

to report whether

'any,

амб

if

So

what, rate has brau

agreed upon.

Ata

Memorandum of

18 Sept

Memorandum of

22 Sept

3. The assumptions

mentioned

paragraphs I(4),

I + II

of your

first memorandum

ampe

comet, and

а

proposed

L

470

paragraph IV, you

should value the

ad

FunSo

nearly basis of

actual

ao

possible on the

the

mortality

experience. With regard to paragraph

V, if the valuation

Siscloses

a

surplus

sufficient for and capable of

apportionment,

should

you

apportion the

shans

accordance

the ordinance.

with

4.

The sterling

mentioned

pensions

in paragraph of

your

merr

of

Jum

Sept should

be converted into

Sollars at the

rate of exchange,

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