§ 19. Viscount CURZONasked the First Lord of the Admiralty if he can state what is the estimated value of a man's pension in the Royal Navy for each year of his first and second period of service?
§ The PARLIAMENTARY SECRETARY to the ADMIRALTY (Colonel Sir James Craig)The estimated present value of prospective liability for men's service pensions in the Royal Navy is as follows:
First engagement—£24 for each of the 12 years.
Afterwards—£36 a year.
These rates take into consideration the contingency that a percentage of the men will not qualify for pension.