308
J
APPENDIX B.
Table showing Income of Ceylon Widows" and Orphans' Pension Fund from Nett Contributions and Interest and the Percentage of such Income absorbed by Pension Payments.
Year.
Income from Nett | Contributions.
Income From Interest.
Income from Nett Contributions and Interest.
Pension Payments.
Percentage of Income from Nett Contributions and Interest absorbed by Pension Payinents.
R+
Rs
Rs
Rs.
1881
31,678
384
32,262
109
1883
63,723
5,794
69,517
1,702
1886
85,706
9.220
94,926
3,657
1887
86,146
13,870
100,016
7,67
1888
95,070
12,417
114,487
10,307
1889
99.879
25.717
125,596
12,812
1890
105,392
32,415
137,807
16.780
1891
114,144
39,815
153.959
19,391
13
1892
125,061
48,004
173,065
21,808
13
1893
136,230
56,974
193,204
28,399
1894
148,736
67,780
216,515
34,397
1895
174,061
78,398
252.459
42,470
17
1896
179.347
90,888
270,235
40,944
1397
183,908
104,432
2.38,340
44,312
1898
192,444
118,963
311,407
62,299
20
1899
201,576
133.604
335,180
58,172
1900
199,675
149,758
349,433
75.703
22
1901
210,432
164,592
375,024
4,371
22
1902
210.812
181,799
392,611
85,907
22
HER
209,953
198,891
408,847
94,461
23
CNCZOON**ELEERENNNR
10
12
16
15
15
17
NOTE –The figures in the last two columns would have been higher if the tables dated July, 1903, hud ben in force from the comenzacensent of the Fond.
No. 169.
HONGKONG.
GOVERNMENT HOUSE, HONGKONG, 24th June, 1907.
SIR,I have the honour to acknowledge the receipt of Your Lordship's despatch No. 11 of the 16th of January on the subject of the Ordinance to amend the Widows' and Orphans' l'ension Fund Ordinance 1900.
2. The only explanation I can offer of the fact that in 1903 the Directors of the Fund and the Excentive Council agreed to the proposal for the taking over of the Fund by the Government, is that neither the then Chairman of the Find nor any member of the Executive Council, was a contributor. None of the four Directors who were contributors raised at the time any objection to the transfer, and this being so the Chairman and the Executive Council concluded that there was no opposition to the proposal on the part of the contributors who do not appear to have given the matter detailed consideration.
3. When, however, the Appropriation Bill for 1907, in which the Widows' and Orphans' Pension Fund was included as revenue, came before the Legislative Council the Un-Official Members, as has been explained in Sir M. NATHAN's despatches No. 243 of the 6th of October, 1905, and No. 280 of the 15th of November last, objected to the inclusion of the fund. A reference to the reports of the meetings of the Council forwarded with the first of those despatches will place Your Lordship in possession of the remarks made on the subject by Messrs. R. SHEWAN and G. STEWART who had been deputed by the Un-Official Members of Council to review and criticise the Budget for the current year.
4. Prior to the meeting of the Legislative Council referred to, Sir M. Narnax had received representations against the transfer from contributors to the Fund; and he, therefore, decided not to introduce the Bill to amend the Widows' and Orphans' Pension Furl Ordinance until these representations had been put into definite shape by a small Committee of Civil Servants constituted for the purpose.
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