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Treasury shall direct Use of Tables of the Value of Annuities as approved by them.
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XVI. For the better carrying this Act into execution it shall and may be lawful for the Commissioners of Her Majesty’s Treasury, from Time to Time as they shall think fit, to direct the Commissioners for the Reduction of the National Debt to use and adopt such Tables as shall from Time to Time be authorized and approved of by the said Commissioners of the Treasury for determining the Values of all Annuities, of whatsoever Kind, which may be granted according to the Provisions of this Act, as well as Tables for Payment of Sums of Money at Death, and such respective Tables shall be valid and effectual for the Purposes of this Act; and all Annuities for Lives, of whatsoever Kind, to be purchased under the Provisions of this Act shall be purchased, and all Payments for Sums to be secured at Death shall be contracted for, according to the Values stated in such Tables respectively, so long as the same shall remain in force; and the said Commissioners of the Treasury may alter, revoke, and recall all or any of the said Tables from Time to Time, and direct the Use and Adoption of such other Tables in lieu thereof as shall be approved of by the said Commissioners of the Treasury, and also discontinue, by any Warrant under their Hands addressed to the said Commissioners for the Reduction of the National Debt, the granting of any Annuities for Lives, or of Sums payable at Death, under the Provisions of this Act, if they shall think it fit and expedient so to do: Provided always, that the said Commissioners for the Reduction of the National Debt shall, previous to the Adoption and using of any such Tables, and Discontinuance of the granting of such Annuities and Payments at Death as aforesaid, give Notice thereof from Time to Time in the London, Edinburgh, and Dublin Gazettes, in such Form and Manner as to the said Commissioners for the Reduction of the National Debt shall seem fit and proper: Provided also, that the Tables now in force in respect to Annuities grantable under the Authority of the Acts hereby repealed shall be valid and effective for the Purchase and Grant of any Annuities under this Act, so far as they are applicable thereto, until altered, revoked, and recalled by the said Commissioners of the Treasury.
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