tow bred
roz sc" m? Iroqsb. ant. ti da te
nb borasi petolfog
OP Y.
The Managing Director,
fo s
aint son, Nireag
ero edat of a** of vatfan Tapíto
15, Walbrook,
192
London, R.C.,10th.October,
China Mutual Life Assurance Company,
13/a, Canton Road,
exit of oein
Dear Sir,
ake art IIs
Shanghai.
1907.
wale wavin, Lin jubag ni onun
Mino for a mnie
noi abogab tradema
and I
WO.
of the fog to
a smaidan
A
moen (.be)
.etablere
„dings all to mol temaltuðn
I now have the pleasure to enclose a
duplicate of that portion of my Report on Hongkong legislation
which I addressed to you on 4th. instant, and by this mail I
also send you two more copies of my paper upon Life Insurance
Legislation, and one copy of my Report to the Canadian Companies
on the same subject, and ▾ now proceed to complete my Report,
and to deal in a brief way with a few points of more or less
detail. Until it is seen whether there is any intention of
revising the Ordinance, it would scarcely he worth while to go
minutely into the question, but a criticism of a few points
culled from the Ordinence will show in what direction revision
would be advantageous.
2. Revenue Account. A separation is here required
between new and renewal premiums, but it is not explained so
far as I can see what is meant by the term "new policies".
Probably the words mean policies issued during the financial
year of the Company to which the particular account refers,
but it is not stated how half-yearly, quarterly, etc., premiums
are to be dealt with where the premium for a full year does not
fall due within the financial year. Are the outstanding instal-
-ments to be brought in as part of the year's revenue, and to
be entered in the Balance Sheet as outstanding premiums al-
-though they are not actually due; or are the instalments
actually received in the year to be alone treated as new
business, and are the instalments which were outstanding at the
end of that year to be brought into the account next year as renewal
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