CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 172

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I think that it is cl arly desirable that these

particulars should be given.

13. Second and Fourth Schedules.

14.

I think that it is probable that "Mortgages

on property within the United Kingdom" was loft in by accident through copying the English Act, still it carnot possibly do any harm. Provision is made for Hong Kong Government investments hoing shown.

r. King points out that in addition to

(Claims admitted but not paid;

(Claims in process of adjustment or adjusted and not due

the statement of Liabilities should also show the claims known to have taken place but, which have not been dealt with.

Fifth Schedule. Question 6. Objection is taken to this on the ground that to make up a consolidated revenue account from the date on which the Company commenced business would cause a lot of work. It should be pointed out however that if the Company has had a valuation the account need only be made up since the last valuation . If a Company has had no valuation either its years must be few and the trouble involved in making up the account small or it ought to have had a

valuation before.

Question 7 and Form. Mr.King points out that it would be well to distinguish in the case of whole life poli- cies those with premiums payable throughout life and those with premiums payable for a term only.

Both Mr.King and Mr.Heill point out that the

note at the foot of the Form

"If policies are issued in or for any country

at