2. Discussion of the above question by the contributors to the Fund, Lord Elgin proposes to inform the Hongkong Government that he is not prepared to consider the adoption of an insurance scheme nor allow the investment of the Fund in local securities; that he considers that no adequate reason has been advanced against the taking over of the Fund; but that, as some of the members appear to be under a misapprehension as to the position of the Fund when the valuation has been made, the contributors will probably be in a better position to understand the results of the taking over of the Fund.
GUY is to state that Lord Elgin will be glad to learn whether you will be good enough to undertake this valuation on the basis of the Ordinance and the Tables when it is desirable, steps should be taken for sending home data for the valuation of the fund as on 31st December 1907.
For the purposes for which the valuation is required, it appears to be necessary that it should be a double valuation showing (a) the valuation on the basis of existing Ordinances and Pension Tables at present in force, and (b) the valuation on the basis of the draft Ordinance and tables attached thereto, which are identical with the new Ceylon Ordinance No 14 of 1906. Accordingly, you are requested to be so good as to furnish a memorandum containing a clear statement of how the necessary data should be given.
• ?2. De siew of the
acher assumes
attitude
this question by
stributors
to
རྔུ་མ་
the Fund,
Lord Elgin proposes to
inform the Hongkong Government that he is
not prepared to consider
the
15
adoption of
isurance scheme
سنة.
nor
allow the investrucut
of the Fund in local
securities;
that he
conschis that no
adequate rason has been
advanced against the
Laking
over
of the
the Fund;
but that, as
Some
of
the members appear
to be
under
Our
ما
misapprehension
the position of
амб
QA
the Fund
valuation is
When the valuation. has bṣen made, the
contributors will probably a bitter position
by in
to understand the to results of the taking
the Fund этиб
GUY
of
9
am
to state that hord Elgin will be glad to learn whether you will be good enough to undertake this ratnation
*gris on the basis.
the Oromance
the Tables whenk
ww wwwt
amm
desirable, steps 648
should be taken
mand for sending
home data for the
тебя
valuation of the fund.
31st December 19077
as
for
ين
on
3 for the purposes
which the valuation requiind, it appears bobe necessary
should
one
}
tr
that it
a double
showing (a) the
valuation
the
basis of existing
the
Ordinances
and Pension Tables at
present in force, and
(b) the valuation on
the basis of disallowed Ordmance
* tables attached to th
the
h
which are identical with the
new Ceylingy from AAK
no 14 of 19064 1907 accordingly
to Lok
you to be so gots as to furnish
containing
a^
memorandum
clear
statement of
necessary
by given.
how the
data should
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