Local Officers' Compensation (War Period) Act, 1924

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Commutation of allowances.

6.—(1) The Minister for Finance may, if he thinks fit so to do, on the application of any person to whom an allowance is payable under this Act, commute such allowance by payment to such person of a capital sum calculated according to the estimated duration of his life.

(2) The Minister for Finance may make regulations prescribing the terms on and conditions under which allowances may be commuted under this section and prescribing the method of calculating the capital sums to be paid in commutation of such allowances.

(3) The sum payable in commutation of an allowance under this section shall be paid out of the same fund as the allowance so commuted is payable out of under this Act.