CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 183

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

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are I imagine all based on Europeans Hortality Tables, tables being adjusted in various ways so as more nearly to represent the mortality which may be expected. What is intended is, I think, that if the Company has two or three sets of rates of premium then a separate schedule shall be furnished for the policies under each set of rates. For instances where a Company issues policies under European subtropical and tropical rates such Companies shall furnish three schedules one giving the business issued under European, a 2nd. that under sub-tropic- -al and a 3rd. that under tropical rates.

Re 5th. Schedule Page 902: Question No. 6. I think this question should be altered. It does not seem to me that all Companies which have not made returns to the Board of Trede should be obliged to make up a consolidated revenue account from the date on which they commenced business. This would give a lot of very heavy, and, I think, unnecessary work, as it would mean recasting the figures obtained by the Company from year to year, in order to get them separated into the particular items required by the Schedule.

I presume that Re 6th. Schedule (Page 904) Question No. 6. the Hongkong authorities will be prepared to accept the endow- -ment assurances scheduled under years of maturity and the joint life policies scheduled under the equivalent equal ages, instead of the total premiums paid thus following the precedent set by the Board of Trade.

The rider to

Re 6th. Schedule (Page 904) Question No. 10. question No. 10 seems to be quite meaningless, seeing that the ordinance will only apply to Companies doing business almost entirely in the East.

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