9. The Ceylon Government also entrusted
to Mr. Young and Sir E.H. Ryan the task of recal-
culating the actual and registered pensions
on the basis of the new Tables, the expenses of
this work amounting to £326, which I consider to
be very reasonable. The Malayan Governments
have also decided to entrust the work of re-cal-
culating their pensions, to an actuary, and I en-
close copies of correspondence with Mr. Young in
this correction.
10.
not
If you should decide to proceed further
with the matter of an actuarial investigation into
mortality experience, you will, no doubt, consider
whether the clerical staff available in the Colony
is adequate and sufficiently reliable to carry out
the considerable labour involved in the re-calculation
1
of the pensions (current and prospective)ion the basis
of the new 8% tables, having regard to the fact that
absolute accuracy is essential: or whether you would
(15051/24 Straits}
of Particulars and instructions which
446
accompanied Mr Young's letter of the 24th
of March would be equally applicable to the
Hong Kong revision.
11. I have commended to the considera-
tion of the Governor of the Straits Settle-
ments the suggestion contained in paragraph
3 of Mr Young's letter of the 24th of March
and have, in fact, suggested to him that Mr
Young should be asked to recalculate the
pensions up to the 31st of December, 1923.
If you should decide to proceed on similar
lines, the data in the Schedules should be
completed up to that date.
I have, etc..
(for the Secretary of State)
(Signed) ARNOLD
wish to entrust the work to an actuary.
If you
should decide on the latter course, I would suggest
that Mr. Young would be the most suitable person to
employ, as he is already conversant with the details
of the Hong Kong Scheme. In this event the Schedules
of