CO129-387 - Individuals - 1911 — Page 316

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III.

The Result of the Valuation.

307

Thus I arrive, after an exhaustive investi-

gation, at the appanded

Valuation

Summary:-

I. Value of the Liabilities (under the

Contracts upon European and Non- Furopean lives)

(1) Pensions after the deaths of

married members

(2) Pensions if Bachelors marry

(3) Pensions if Widowers” remarry

(4) Pensions to actual Widows

420,355

30.153

8.868

82.709

(5) Pansions to actual Orphans

1,731

(6) Costs of the present Valuation and

Distribution

4,211

Gross value of the Liabilities

548,027

II. Reduct the value of the future

contributions"

287.170

Net value of the Liabilities

260,857

III. The Fund on the 31st of December,

1908 amounted to

370,261

IV.

Hence, the Surplus for distribu-

tion is

109.404

(*Note:

By adopting a recognised and efficient process (the result of detailed calculations), it is not necessary, in the case of Bachelors and Widowers, to exhibit separately the values of the possible pensions (to be entailed by marriage and remarriage) and the values of their contributions: hence, the Reserves in these instances, are alone expressed under No.I in the form of varying percentages of the respec- tive contributions received at the date of the valuation. These percentages have been deduced from the entire experience of the Pund, compared with the corresponding ratios presented by other similar Funds and including, of course, the refunds payable on withdrawal without marriage.)

It may