CO129-467 - Governor Sir Stubbs & Acting Governor Claud Severn - 1921 [1-5] — Page 454

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J

Copy.

6338/24.

Sir,

447

Downing Street,

5th March, 1924.

With reference to previous correspondence with

this Department I am directed by Kr. Secretary Thomas

to inform you that it has been decided that the

suggested actuarial investigation into the mortality

experience of the "idows' and Orphans' Pension Schemes

of the Straits Settlements and Federated Malay States

will not be undertaken.

2. The Malayan Governments have accordingly agreed to adopt the new pension tables based on compound interest being allowed, which have already been prepared by you and Sir 0. H. Ryan in connection

with the Trinidad and Ceylon schemes. It is now the

intention of the lalayan Governments that all the pensions (whether current or prospective) should be

recalculated in accordance with the new tables as if

these tables had been in operation during the whole

period of the contributions on which the pensions are

based. Pensions which commenced before the 1st

January 1920 will be paid at the revised rate as fren that date; other pensions will be paid at the new rates as from the dates on which they have or may

become payable.

3.

The Halayan Govermenta desire to entrust the

work

T. E. YOUNG, ESQ.