CO129-573-14 Kowloon-Canton railway- provision of a renewals fund 7-6-1938 - 11-10-1938 — Page 18

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in existence for nearly 30 years and the experience gained

should show what average lives should be taken in determining

the contributions to a Renewals Fund.

I have the honour to be,

Sir,

Your obedient Servant,

7.5. Blumfield

for Crown Agents.

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