CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 118

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

113

Print of Report dated 5 April 1902 (in 5658/03)

experience of that Fund, and the great difficulty of dealing satisfactorily with so small an institution had previously been emphasized in Mr. Young's Report on the Valuation of the Fund as it existed on the 31st of December 1900.

10. That valuation, which was of course based on the old Pension Tables, after making allowance as far as possible for the peculiar character of the experience of the Fund, showed that the gross liabilities of the Fund then amounted to $252,337 and the surplus to $10,275.54, or that the surplus was between 4 and 5% of the liabilities. In the case of the valuation of the Straits Settlements Fund (also as on the 31st of December 1900) the surplus disclosed was a little under 10% of the gross liabilities (the same pension Tables being used) so that the Straits Fund was found to be in a rather better position than the Hongkong Fund. But as I have

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113 Print of Report dated 5 April 1902 (in 5658/03) experience of that Fund, and the great difficulty of dealing satisfactorily with so small an institution had previously been emphasized in Mr. Young's Report on the Valuation of the Fund as it existed on the 31st of December 1900. 10. That valuation, which was of course based on the old Pension Tables, after making allowance as far as possible for the peculiar character of the experience of the Fund, showed that the gross liabilities of the Fund then amounted to $252,337 and the surplus to $10,275.54, or that the surplus was between 4 and 5% of the liabilities. In the case of the valuation of the Straits Settlements Fund (also as on the 31st of December 1900) the surplus disclosed was a little under 10% of the gross liabilities (the same pension Tables being used) so that the Straits Fund was found to be in a rather better position than the Hongkong Fund. But as I have stated

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113 IPrint of Report "dated 5 April 1902 in 5658/03) experience of that Fund, and the great diffi- culty of dealing satisfactorily with so small an institution had previously been emphasized in Mr. Young's Report on the Valuation of the Fund as it existed on the 31st of December 1900. 10. That valuation, which was of course based on the old Pension Tables, after making allowance as far as possible for the peculiar character of the experience of the Fund, showed that the gross liabilities of the Fund then amounted to $252,337 and the surplus to $10,275.54, or that the surplus was between 4 and 5% of the liabilities. In the case of the valuation of the Straits Settlements Fund (alsc us on the 31st of December 1900) the surplus disclused was a little under 10% of the gross liabilities (the same pension Tables being used) so that the Straits Fund was found to be in a rather better position than the Hongkong Fund. But as I have st at ed

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113

IPrint of Report "dated 5 April 1902

in 5658/03)

experience of that Fund, and the great diffi-

culty of dealing satisfactorily with so small

an institution had previously been emphasized in

Mr. Young's Report on the Valuation of the

Fund as it existed on the 31st of December

1900.

10. That valuation, which was of course

based on the old Pension Tables, after making

allowance as far as possible for the peculiar

character of the experience of the Fund,

showed that the gross liabilities of the

Fund then amounted to $252,337 and the surplus

to $10,275.54, or that the surplus was between

4 and 5% of the liabilities. In the case

of the valuation of the Straits Settlements

Fund (alsc us on the 31st of December 1900)

the surplus disclused was a little under 10%

of the gross liabilities (the same pension

Tables being used) so that the Straits Fund

was found to be in a rather better position

than the Hongkong Fund. But as I have

st at ed

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