JIL
[
fi
S
"A
,mobno.t
lafur desi sa ri asino moi and ĺko
trupinandub to stutidant.
Jaod only to noisigo : & gele bien
In July, 1906, he was called before the
132
Select Committee of the House of Lords on Insurance Companies,
his evidence being reported on pages 54 - 57 of the Blue-Book, copy of which is enclosed. As you will note, his evidence was given considerable weight and again he speaks to the same
effect.
In September, 1906, Mr. B. Macaulay, who
is perhaps the leading insurance man in Canada, approached Mr. King with a view of obtaining his opinion on the subject of proposed Insurance Legislation in Canada, and Mr. King here
deals again with the subject of a standard of solvency on Pages
19 of his paper, which is also enclosed.
I quote these different passages because
they cover several years, and prove that Mr. King who in his position of Consulting Actuary, and as Lecturer to the students at the Institute of Actuaries, has matters of legislation continually coming before him and calling for consideration, has not altered his view, except perhaps, to be more emphatic in his condemnation of the establishment of a legal standard of
solvency.
**
GUTZAŽDA Pino.1 Bud aqadiroq al
min nad on.
9
นี
or bol Inke at Mobin,cetrewet to styli
•ong naked atuembuang. Lad mor
T
atno burn betaengun add to non
all to atent
apma Ho noita
("on: vibe to bishnern a to nottojonézi mt Jonims Intve nd nfuow moldownoné et mal care anwong,deind
10th October. 1907.
I also enclose his Report to me and it is
to this I would call your particular attention. The object o Mr. King's criticism is explained by him on pages 1 and 2, and on the last page, in which he says that he welcomes the action of the Hongkong Ordinance in taking up the question and would like to use his influence so that the legislation may fester and build up Life Insurance in the Fast, and not restrict or limit it. And, again, that his criticises are meant in no un- -friendly spirit but with the object of obtaining the best possible law. Nevertheless, he states on page 2 that he considers the deviations of the Ordinance from their model, the English
Acts of 1870 and 1872, to be "in a direction which in England has · been universally condemned as likely to hinder and not benefit
Life
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