§ 52. Mr. FOOTasked the Chancellor of the Exchequer the number of years purchase adopted in the commutation of the perpetual pensions abolished in the course of the past 10 years?
§ Mr. P. SNOWDENThe only transactions of this character were in 1924 and 1925 and were both on the basis of 21 years' purchase.
§ Mr. FOOTIs the right hon. Gentleman prepared to adopt the same practice as to the remaining perpetual pension—the same basis of settlement?
§ Mr. SNOWDENIf application be made for the commutation of this pension, I can assure the hon. Member—who has for so many years taken a keen interest in this matter—that we will get the best terms possible.