CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 125

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

120

had a grievance in being deprived of the surplus (if any) and my predecessor agreed that the whole of it should be assigned to them, so the question as to their legal rights is somewhat academic. I would however point out that if the Fund is not taken over, it is practically certain that the actuary will advise that it would not be prudent to distribute the whole of the surplus which a valuation might disclose, but a substantial portion such as one quarter, as in the case of Ceylon, would have to be retained in order to form a reserve against possible adverse fluctuations in the future.

14. For the reasons which I have given above I must ask that this matter may be reconsidered, and that Hongkong may be brought into line with the neighbouring administrations of the Straits Settlements and Federated Malay States.

In order to leave the field clear for further

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120 had a grievance in being deprived of the surplus (if any) and my predecessor agreed that the whole of it should be assigned to them, so the question as to their legal rights is somewhat academic. I would however point out that if the Fund is not taken over, it is practically certain that the actuary will advise that it would not be prudent to distribute the whole of the surplus which a valuation might disclose, but a substantial portion such as one quarter, as in the case of Ceylon, would have to be retained in order to form a reserve against possible adverse fluctuations in the future. 14. For the reasons which I have given above I must ask that this matter may be reconsidered, and that Hongkong may be brought into line with the neighbouring administrations of the Straits Settlements and Federated Malay States. In order to leave the field clear for further

Baseline (Original)

120 had a grievance in being deprived of the surplus (if any) and my predecessor agreed that the whole of it should be assigned to them, so the question as to their legal rights is somewhat academic. I would however point out that if the Fund is not taken over, it is practically certain that the actuary will al- vise that it would not be prudent to dis- tribute the whole of the surplus which a valuation might disclose, but a substantial portion such as one quarter, as in the case of Ceylon order to form a reserve against possible would have to be retained in adverse fluctuations in the future. 14 For the reasons which I have given above I must ask that this matter may be re- considered, and that Hongkong may be brought into line with the neighbouring administrations of the Straits Settlements and Federated Mal ay States. In order to leave the field clear for further

2026-06-02 11:00:21 · Baseline

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120

had a grievance in being deprived of the

surplus (if any) and my predecessor agreed

that the whole of it should be assigned to

them, so the question as to their legal rights

is somewhat academic. I would however point

out that if the Fund is not taken over, it is

practically certain that the actuary will al-

vise that it would not be prudent to dis-

tribute the whole of the surplus which a

valuation might disclose, but a substantial

portion such as one quarter, as in the case

of Ceylon

order to form a reserve against possible

would have to be retained in

adverse fluctuations in the future.

14 For the reasons which I have given

above I must ask that this matter may be re-

considered, and that Hongkong may be brought

into line with the neighbouring administrations

of the Straits Settlements and Federated Mal ay

States.

In order to leave the field clear for

further

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