HC Deb 27 January 1913 vol 47 c993
93. Colonel YATE

asked the Chancellor of the Exchequer whether, considering the fact that the Treasury has already made a profit of some £200.000 from the commutation of pension and that the 5 per cent, rate of interest charged to the commuter is higher than the rate at which Government can borrow the money, he will now consider the question of permitting pensioners to commute their pensions on a 3½ per cent, basis, the rate now charged by the Government of India, instead of on the 5 per cent, basis at present chargeable under the Pensions Commutation Act?


I fear that I cannot undertake to introduce legislation on this subject.