HC Deb 02 May 1887 vol 314 c554

asked the Civil Lord of the Admiralty, What additional income will be available during the present year on account of the recent changes in the investment of the funds of the Greenwich Hospital; and, whether the additional income will be devoted to providing pensions for seamen of the Royal Navy?

MR. ASHMEAD-BARTLETT (CIVIL LORD) (Sheffield, Ecclesall)

In the Greenwich Hospital Estimates for the present financial year an additional sum of £2,651 is provided for pensions to seamen and marines and for their widows and children. Further, the addition of £5,000 made last year to the actual expenditure on these pensions will be maintained. The full benefit to be derived from recent efforts to reinvest the funds of Greenwich Hospital will not be realized during the present year.