CO129-483 - Others & Individuals - 1923 — Page 554

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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lonial reasurer ong Kong 1/3/1921

2.

VII.

THE SEVENTH PARAGRAPH OF YOUR LETTER.

This Minute merely states that "the number of cards to be sent in would not be sufficiently large (Hong Kong is a small Service)", I am unable as an Actuary to form a judgment upon the implication of "sufficiently large"; but even should thestatistics prove to be com- paratively sparse in number, they might constitute a reasonable guide to the selection of some standard (or modified Standard) Table; and, as the Colonial Treasurer adds that "the work of sending in the cards would not be very great", it would be desirable to possess this limited experience, E more especially remembering our reference to the difference of view entertained by the Malayan and Hong Kong members with res- pect to the mortality experienced in their respective Schemes.

I should point out that an exact conformity of Experience with a Standard Table can not exist: divergencies will

but with the more extended occur at various stages:

range of membership, the correspondence between the experience and the standard (modified if the facts justly suggest) will become more and more closely coincident, looking to the entire course of that experience. this is all we require.

And

If the members of the Hong Kong Scheme be too meagre in number as a foundation for the expectation of average. results, (and this I can only ascertain when the face are presented to me), the Scheme, were it an independent Body i.e. not guaranteed by Government), would be materially barred from a stable existence and incompetent, possibly, to discharge its liabilities from its own resources. enable me then to reply to the concluding enquiry in this paragraph of your letter, I should be placed in possession of the Statistical facts compiled upon the prescribed Cards.

T. Eyoung,

late

President.

To

1

London:

4th September 1923.

Institute

Actuaries.

-- ז—

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