§ 59. Sir H. CAYZERasked the Parliamentary Secretary to the Admiralty the estimated saving to be effected under the scheme whereby 1,044 officers are to be given the option of retiring, at the discretion of the Admiralty, on 1st April next?
§ Mr. AMMONThe number of officers to be retired under this scheme is limited to approximately 150, the retirement being in batches spread over about two years, commencing 1st April, 1931. On the assumptions that the number of retirements desired will be effected and that the officers would otherwise have remained in the Service until eligible for the maximum retired pay of their rank, it is estimated that the ultimate saving to be effected under this scheme will amount to approximately £750,000.
§ Mr. HORE-BELISHAIs it not a fact that there will be a loss for the first two years?