651346-1892-Report-Widows-and-Orphans-Fund-1891-1892 — Page 2

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THE HONGKONG GOVERNMENT GAZETTE, 19TH NOVEMBER, 1892. 893

Owing to the fact that the new rates of pay for 1891 were not sanctioned in the Colony until June in the same year, no contributions towards the Fund were collected until the beginning of July, although The Widows' and Orphans' Pensions Ordinance, No. 30 of 1890, came into operation on the 1st of January, 1891.

The Fund, therefore, practically began its existence in July, 1891, although arrears of contri- butions have been, and are being, collected as from the 1st of January in that year.

A statement of the accounts of the Fund up to 30th June, 1892, is appended.

The whole of the receipts have been placed on fixed deposit in the Hongkong and Shanghai Bank, and each monthly collection is similarly dealt with.

The monthly contributions excluding arrears amount now to about $440.

During the period under review 4 Contributors left the Service, and 1 Contributor died. There are at present on the books 91 Compulsory Contributors and 1 Voluntary Contributor.

Of these 92 Contributors 22 are bachelors, 62 are married men, and 7 are widowers. There are no less than 111 children on the books, and it is probable that that number will be increased when the particulars required by section 20 of the Ordinance are received from 8 Contributors, who owing to their absence from the Colony or for other reasons have not as yet furnished them.

The average age of the three classes of Contributors (as far as it has been possible to calculate it) is as follows:-

+

Bachelors,... Married men, Widowers,

....30 years.

...a fraction under 38 years.

.48 years and 4 months.

We have the honour to be,

Sir,

Your obedient Servants,

F. H. MAY,

Acting Chairmun.

A. W. BREWIN.

F. MACHADO.

G. STAFFORD NORTHCOTE.

J. A. CARVALHO.

The Honourable

THE COLONIAL SECRETARY,

&C.,

&c.,

&c.

THE WIDOWS' AND ORPHANS' PENSION fund.

Statement of Account of the Widows' and Orphans' Pension Fund from July to December, 1891,

July to December, 1891,

January to June, 1892,.

and January to June, 1892.

Receipts.

Expenditure.

Balance.

843.96

*3,824.73

843.96

+57.86

3,766.87

4,668.69

57.86

4,610.83

* $1,691.64 of this represent arrears of 1891 paid in 1892.

+ Refunds of amounts erroneously levied.

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