|
|
Increase of annuity and reduction of rate of interest for the Indian Army Pension Deficiency Fund. 48 & 49 Vict. c. 67.
|
37. [Recital of 48 & 49 Vict. c. 67 and that the Indian Army Pension Deficiency Fund is insufficient to meet charges thereon, and expediency of increasing the amount of the annuity charged by s. 4 of said Act on Consolidated Fund and of reduction of rate of interest on money to be lent under s. 5 of said Act: rep. 8 Edw. 7. c. 49 (S.L.R.).]
|
|
| |
(1) The annuity charged on the Consolidated Fund by section four of the Indian Army Pension Deficiency Act, 1885, shall, as from the first day of April one thousand eight hundred and ninety-six, be two hundred and fifteen thousand pounds, and the said Act shall have effect as if “two hundred and fifteen thousand pounds, beginning on the first day of April one thousand eight hundred and ninety-six,” were substituted in the said section for “one hundred and fifty thousand pounds, beginning on the first day of April one thousand eight hundred and eighty-five.”
|
