CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 184

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Enclosure 2.

The China Mutual Life Insurance Company, Limited.

and I

F. H. May, Esq.,

*** be

wwe due to ten flows Yalar enjoilus

nb

Yobro: modulio, camTH

$

be si agerian

sir,

Colonial Secretary,

Hongkong.

131

Shanghai, 3rd. December,1907.

„Inne fan MI ore pollonp

fot. asinaquon

abar Yon 99%

Since putting in a formal protest against

the Hongkong Ordinance we have obtained the opinions of George

King, Esq., F.I.A., F.F.A., Consulting Actuary, of 15 Walbrook

St., London, F.C., and of E. T. J. Blount, Esq., F.F.A., A.I.A.

of Shanghai.

$2.5

trov

-vobis we eqbaal boð

i Holly no atuh.. ...d mo**

0.

toring 40.

I

none fais Jusfavłupa aula *. ber bal. bofum fog wth! Sıral

Ik to bes with oneboostug HTE MYCANOFF9' amid bing anib ng Indo

weber to buwol ent

0

teslaninom eðlup s C. mte of ..

annilaud matub eniusytoð od "[łuje cũnɔ DXT

* de mi v U

Having already had a report from S. B.

Neill, Esq., P.I.A., we have thus obtained the opinion of the

only two Actuaries in the East holding the diploma of the

Institute of Actuaries in England, viz., Mr. Blount and Mr.Neill

and also the opinion of the best known Actuary in England.

You will doubtless have heard of Mr. King,who

is perhaps the leading Actuary of the present day and an Actuary

who has given considerable time and attention to the considera-

-tion of life insurance legislature. Some years ago there was

considerable agitation for an amendment of the Life Insurance

Acts of 1870 to 1872, and Mr. King read a paper before the

Institute of Actuaries, which is admitted to have had consider-

-able weight in preventing the suggested amendments being pro-

-ceeded with.

One of the suggested amendments was the

introduction of a standard of solvency. He treats of this

question on Pages 4 16 of the paper, a copy of which is

enclosed. There he deals with the various arguments for and

against the introduction of a standard of solvency, and, I

think, proves that its introduction would be harmful.

In