CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 123

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

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the actuaries to the Ceylon Fund. If on the other hand the Fund should on valuation show a deficit, as has occurred in some colonies, hardship and dissatisfaction are liable to be caused by the reduction of pensions which would necessarily follow. It is therefore much more satisfactory for all parties that the Government should take the responsibility and guarantee pensions which will not be liable to either increase or decrease and there is I think sufficient reason for being satisfied that the pensions which the new Ceylon Tables will provide will on the one hand be fair, if not more than fair, to the contributors and recipients, and on the other hand will not throw an unreasonable burden on the Government.

13. If this course is adopted any surplus which may be disclosed by the valuation which would be made would be devoted wholly

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118 the actuaries to the Ceylon Fund. If on the other hand the Fund should on valuation show a deficit, as has occurred in some colonies, hardship and dissatisfaction are liable to be caused by the reduction of pensions which would necessarily follow. It is therefore much more satisfactory for all parties that the Government should take the responsibility and guarantee pensions which will not be liable to either increase or decrease and there is I think sufficient reason for being satisfied that the pensions which the new Ceylon Tables will provide will on the one hand be fair, if not more than fair, to the contributors and recipients, and on the other hand will not throw an unreasonable burden on the Government. 13. If this course is adopted any surplus which may be disclosed by the valuation which would be made would be devoted wholly

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118 the actuaries to the Ceylon Fund. If on the other hand the Fund should on valuation show a deficit, as has occurred in some colonies, hardship and dissatisfaction are liable to be caused by the reduction of pensions which would necessarily follow. It is therefore much more satisfactory for all parties that the Government should take the responsibility and guarantee pensions which will not be liable to either increase or decrease and 1 there is I think sufficient reason for being satisfied that the pensions which the new Ceylon Tables will provide will on the one more than fair, to the hand be fair, if m contributors and recipients, and on the other hand il not throw an unreasonable burden on the Government. 13. If this course is adopted any surplus which may be disclosed by the valua- tion which would be made would be devoted wholly

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118

the actuaries to the Ceylon Fund. If on the

other hand the Fund should on valuation show

a deficit, as has occurred in some colonies,

hardship and dissatisfaction are liable to be

caused by the reduction of pensions which

would necessarily follow. It is therefore

much more satisfactory for all parties that

the Government should take the responsibility

and guarantee pensions which will not be

liable to either increase or decrease and

there is I think sufficient reason for being

satisfied that the pensions which the new

Ceylon Tables will provide will on the one

more than fair, to the

hand be fair, if m

contributors and recipients, and on the other

hand il not throw an unreasonable burden on

the Government.

13.

If this course is adopted any

surplus which may be disclosed by the valua-

tion which would be made would be devoted

wholly

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