CO129-387 - Individuals - 1911 — Page 315

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reversionary pensions will become actual tends to be reduced, and the Fund may thus be liable to a special strain upon its resources.

The statistics

now furnished show that the rate of withdrawal has been about 47 per cent. in total, to which the European section contributed about 73 per cent.

In my Report upon the valuation at the close of 1900,

I have hence I remarked upon the same peculiarity. necessarily introduced in the present Valuation a reasonably compensating Reserve,

With respect to the rate of mortality to

be employed, I have deduced the ratios from the experience, and I have been compelled to come to the conclusion that it would not be warrantable to assume a general standard for the entire body of members. This difficulty I also experienced in my former valuation, and, on page 3 of that Faport, I stated that an adjustment had been introduced; and this adjustment has been found to be justified Since that date 1 have had by my present enquiry,

the advantage of the publication of the Tropical Table of mortality which Mr Pyan and I constructed; and on a comparison of the indications of the experience tabulated from the data of the Hong Kong

I have decided that I shall Fund now supplied to me

•

be founding the Fund upon a just and sound basis if, for the contracts dependent upon European lives,

I adopt the Ceylon Table of mortality (with an adjustment to meat the peculiarities of the long Kong facts), and the Jamaica Table (also modified for the same purpose) for the Non-European members.

III. The