§ 89. Colonel YATEasked whether, considering the fact that the Treasury had already made a profit of some £200,000 from the commutation of pensions and that the Government of India now permit their pensioners to commute their pensions on a 3½ per cent, basis instead of on the 5 per cent, basis at present charge able under the Pensions Commutation Act, and also have limited the proportion up to which pensions may be commuted to one quarter of the pension, he will now consider the question of instituting an inquiry into the working of the Pensions Commutation Act, with a view to the possibility of legislation being introduced on the subject at some later date, although he cannot undertake to introduce legislation on the subject at the present moment?
§ Mr. LLOYD GEORGECertain questions connected with the working of the Pensions Commutation Acts are already under consideration, but I cannot hold out any hope of the introduction of legislation on the subject.