CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 646

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

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the question of the taking over of the Fund by the Govern-

ment. The figures therein quoted as to rates of interest

prevailing in the Colony are correct.

I understand that the majority

of the Directors and contributors are considering a

scheme of compulsory Insurance which would remove the

unpopularity of the present Fund for the reason that each

contributor would know that he, his heirs, or assigns

would eventually get some benefit in return for his con-

tributions; while all, or very nearly all, the Directors

and contributors feel that the Hongkong Fund has had such

a specially favourable start and is accumulating so rapidly

that they may confidently look forward to the possibility

of an increase in pensions, even on the Ceylon rates, if the

Fund is kept separate and fresh valuations are made from

time to time.

In these circumstances I would

recommend that the proposal to transfer the Fund to the

Government be dropped, and that if necessary the actuary

be consulted as to whether the tables attached to the

Ordinance can with safety be adopted. If the report is

favourable I would ask Your Lordship to sanction their inclusion

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2026-06-04 20:30:18 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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640 the question of the taking over of the Fund by the Govern- ment. The figures therein quoted as to rates of interest prevailing in the Colony are correct. 7. I understand that the majority of the Directors and contributors are considering a scheme of compulsory Insurance which would remove the unpopularity of the present Fund for the reason that each contributor would know that he, his heirs, or assigns would eventually get some benefit in return for his con- tributions; while all, or very nearly all, the Directors and contributors feel that the Hongkong Fund has had such a specially favourable start and is accumulating so rapidly that they may confidently look forward to the possibility of an increase in pensions, even on the Ceylon rates, if the Fund is kept separate and fresh valuations are made from time to time. 8. In these circumstances I would recommend that the proposal to transfer the Fund to the Government be dropped, and that if necessary the actuary be consulted as to whether the tables attached to the Ordinance can with safety be adopted. If the report is favourable I would ask Your Lordship to sanction their inclusion

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640 the question of the taking over of the Fund by the Govern- -ment. The figures therein quoted as to rates of interest prevailing in the Colony are correct. 7. I understand that the majority of the Directors and contributors are considering a scheme of compulsory Insurance which would remove the unpopularity of the present Fund for the reason that each contributor would know that he, his heirs, or assigns would eventually get some benefit in return for his con- tributions; while all, or very nearly all, the Directors and contributors feel that the Hongkong Fund has had such a specially favourable start and is accumulating so rapidly that they may confidently look forward to the possibility of an increase in pensions, even on the Ceylon rates, if the Fund is kept separate and fresh valuations are made from time to time. 8. In these circumstances I would recommend that the proposal to transfer the Fund to the Government be dropped, and that if necessary the actuary be consulted as to whether the tables attached to the Ordinance can with safety be adopted. If the report is favourable I would ask Your Lordship to sanction their inclusion

2026-06-04 20:30:18 · Baseline

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