§ MR. J. G. WEIR (Ross and Cromarty)
I beg to ask the Chancellor of the Exchequer, whether the Tables of the Pensions Commutation Board have been revised since the reduction in the rate of interest on Consols; if he will state when the Tables were last revised; and whether he will now consider the advisability of ordering a revision of the Tables?
§ THE CHANCELLOR OF THE EXCHEQUER
No such revision has taken place since the Tables were promulgated, immediately after the passing of the Pensions Commutation Act of 1871. There is no power to revise the Tables so far as regards a reduction of the rate of interest on which they are based, which is prescribed by Section (4) (1) c. of the Act of 1871.