§ Major Sir B. FALLE
asked the Chancellor of the Exchequer if he can state the approximate cost of pensioning old Royal Naval pensioners, namely, men of over fifty-five when war broke out, on a new basic rate?
§ Dr. MACNAMARA
I have been asked to answer this question. My hon. and gallant Friend is of course aware that the decision taken on No. 51 of the Jerram Committee's recommendations does ex-1706W tend the new basic rate of pension to a very considerable number of men already pensioned —nearly two-thirds, in fact. As regards the old pensioners to whom my hon. and gallant Friend refers, the approximate cost of extending the new pension concessions to these men is estimated at £536,900 for the first year. In subsequent years the amount would be reduced by the wastage arising from death, and of course ultimately disappear.