CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 115

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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110

arithmetical

7.

calculation.

The accuracy of the pension tables thus depends upon two factors, first the closeness of the approximation of the mortality experienced to that assumed in the mortality table adopted, and secondly the accuracy of the actuarial process by which the pension tables are deduced from the mortality table and the rules of the Fund. It may, I think, be assumed that the state of actuarial science is such that the latter factor may be neglected as a source of error when actuaries of high standing like Messrs Young and Ryan are employed. For practical purposes, therefore, the accuracy of the pension tables depends on how closely the mortality experienced by the Fund approximates to that embodied in the table of mortality.

877.

When the Hongkong Widows' and Orphans' Pension Fund was founded, there were

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110 arithmetical 7. calculation. The accuracy of the pension tables thus depends upon two factors, first the closeness of the approximation of the mortality experienced to that assumed in the mortality table adopted, and secondly the accuracy of the actuarial process by which the pension tables are deduced from the mortality table and the rules of the Fund. It may, I think, be assumed that the state of actuarial science is such that the latter factor may be neglected as a source of error when actuaries of high standing like Messrs Young and Ryan are employed. For practical purposes, therefore, the accuracy of the pension tables depends on how closely the mortality experienced by the Fund approximates to that embodied in the table of mortality. 877. When the Hongkong Widows' and Orphans' Pension Fund was founded, there were
Baseline (Original)
110 arithmetical 7. calculation. The accuracy of the pension tables thus depends upon two factors, first the closeness of the approximation of the mor- to tality experienced that assumed in the I mortality table adopted, and secondly the accuracy of the actuarial process by which the pension tables are deduced from the mortality table and the rules of the Fund. It may, think, be assumed that the state of actuarial science is such that the latter factor may be neglected as a source of error when ac- tuaries of high standing like Mesars Young and Ryan are employed. For practical purposes therefore, the accuracy of the pension tables depends on how closely the mortality ex- perienced by the Fund approximates to that embodied in the table of mortality. 877. When the Hongkong Widows' and Orphans' Pension Fund was founded, there were
2026-06-02 10:59:19 · Baseline
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110

arithmetical

7.

calculation.

The accuracy of the pension tables

thus depends upon two factors, first the

closeness of the approximation of the mor-

to

tality experienced that assumed in the

I

mortality table adopted, and secondly the

accuracy of the actuarial process by which the

pension tables are deduced from the mortality

table and the rules of the Fund. It may,

think, be assumed that the state of actuarial

science is such that the latter factor may

be neglected as a source of error when ac-

tuaries of high standing like Mesars Young

and Ryan are employed. For practical purposes

therefore, the accuracy of the pension tables

depends on how closely the mortality ex-

perienced by the Fund approximates to that

embodied in the table of mortality.

877.

When the Hongkong Widows' and

Orphans' Pension Fund was founded, there

were

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