surrounding your employees would obviate the necessity for 

 the creation of such initial fund based upon assumptions 

 which would not be applicable to the problem which con- 

 fronted us. I stated that if the time arrived when a change in 

 your method became necessary, I would advise you and steps 

 could then be taken to provide the necessary safeguards based 

 upon data derived from your own actual experience. I am 

 happy to state that the condition of your fund is such as to 

 indicate the necessity for no change at the present time." 



12 



