CO129-345 - Public Offices & Foreign Office - 1907 — Page 784

scheme guaranteed by

over a

a continuous

the Goont.

long

period of

years,

the

beneficing & advers

effects on the scheme of

the fluctuations in exchange more or

less Valance

one

another; whereas

an

in the case of the valuation independent Fund, as such valuation

only takes

account of the

future

&e of

contributions &

risk

a greater not existing members, there is to kalihood that these

ffects

in para

not being balanced (as shown

3 of my

of the 26th wrist.).

may more.

letter

to Mr. Young Therefore the Gormt.

reasonably take the risk of

fluctuations in exchange

than an

independent Fund, the solvency of

which can only

an

acturery existing members.

Javer.

be

guar steed by

bo

on

the

basis of its

दड़ी

27.11

The Exchange

Guastion seems to me to team the dial in favor de Calling our the Dead.

Mr Johman's proposats.

the surplus count be actuarially sound

fream

the commoth be perfang valuat

for the purpose. But have no djection offer b the proposal if this is understood, tih is

a

допаене с

Wiking

گه داری

windore the subscribers to appee to thes

M. 25/11

Có 28

at nee

su par 2. M. Yamaz Memo, in his lette

Mw 79

eur

Cosnakes no

ace

Entranti

108 Evening Road

Stotle Newington, N.

To The Under Secretary of State

The Colonial thin,

You

M. 26 62/1947

کو

RECE

778

C.O.

36041

REGE VI OCT 07

Hong Kong Windows & outcoms Persion and.

Referung ein

Leve

66

form you

the wiston chiroy

Lead.

las

latter & the 30

y the 30tult!

for the Valuation

have now complete)

I have reduced

the simplest form in respect of portilen

hotel is muchons

compiled

Face

west mode

found

J

Before pointy which de filling of acarding

higher

from

Ku

and opted

affect

to the taylor

Tables

hable

Could Darie

Jon inson.

J

prospective persions

مجھ

Day

For the

Ady

In the laytim Company tan cy

Fables

the two pages a old Tabley

opted. And

reductions

den in is be dodalves

the mather

Fables

سنا نوشی

y the sad storing

de referay Describe

"Dy allowed

"Proposed

im

ordision

by z. CR

tre

ށ

17

Jele

¿ consequent in

Tablas

affended.

7.906

177 1906

At be

in the two

4 K

Fa