CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 204

201

nie mala someho

Aase 560 2cinegros teor

Com o vektang sum &*

the emodus at of mout 10%

e. *uorenbro don

01:

१

...

erimod #rfoq ah enzo? A

*afngo SRC/ ben tenntal ek to

Desotoni pati a cop wat afraid of

amod bezantoni vlamonmorn 2 202

.enchfod yoitog net Jitenad TIK

$

ཝཱ

rottinoq

bua wanation æði * pottaagu Png TOTIU BAW eror"

thxo une to tws Boeseg ovet Vantarahr: DOrrow

fora ma rond 9*4

5rabnata

smal Dinov arouido des

skillen bre prote e mekaar so besten punt pre matte

JABY", GASY [[hy #nbať. { "tog utk dalla na^. -

.i

SOHL 100

4638

ms is drożka n.6.

Xood of dgs :** olldug

r

Comerfon to fene hruberste smo to not suff. ya onkr

Betnem od domiso arm. Na Irtoon Krektor mild to Y

to gwani nid duindu

premet bild bna,no

I fortw zabnu atoandnou twoIqata e

mwolle pimento al alf' .anorantana Joervob

- vo 28olcanicuovak & rash out to at fract

ta epest od qu navi

Donatan,etfoliog satanedah

OMGOM

SUN ADAC

#alolipq

AMA MOSK

anofeal

で

t

.bas

income policies and deferred bonus policies. How it

is unquestionable that in the conditions of modern

life and business, many of the public find that one

or other of these so called "fancy" policies suita

their requirements better than the ordinary straight

life or endowment and provided the conditions of

these contracts are carried out there is no reason

why the public should be deprived of their advantages,

Many of the British companies issue policies under

spacial schemes and the spirit of caution and pru-

-dence and conservatism which the system of Publicity

and Freedom has engendered among their managements is

sufficient guarantee that no scheme which is unsound

actuarially will be put forward or if put forward will

be continued once its weakness is disclosed.

4th, Government control of investments is undestrable

-cause it rolloves the Directors of responsibility

and excludes desirable investments. At the same time

it tends to unduly appreciate the market price of

those Securities which become known as alone avail-

-able for the investment of Insurance Funds. These

are a few of the chief points urged against Government

control and the imposing of a fixed Standard of sol-

-vency but there are many others. I think however

these will suffice to show the nature of the object-

-ions advanced.

Assuming however that Government supervision is

decided upon,

how far does the present ordinance

be-

meet the case and what are the chief points to be

noted. The Ordinance in question has evidently been

based on the Life Assurance Company Acts 1870

1872,

but it goes much further than these acts and the framers of it appear to have forgotten two facts 1st. that Insurance conditions have altered considerably

within the last 30 years and 2ndly. that the condi-

-tions