§ Mr. PRETYMANasked the Chancellor of the Exchequer whether he is aware that 2520W the existing system of commutation of pensions has created considerable dissatisfaction, and has not always worked with advantage to the pensioner; that, during the forty years that the Act has been in operation, no public inquiry into its results and working has been held; and whether he would consent, on the reassembling of Parliament, to appoint a small Committee to investigate and report as to the desirability of any changes?
§ Mr. LLOYD GEORGEI have recently been in communication with the Pensions Commutation Board, and I hope that revised regulations will shortly be issued under which somewhat improved terms of commutation will be granted, so far as is possible within existing statutory limits. But I do not see my way to reopen the whole question of commutation which would require legislation, and in these circumstances I do not think that any useful purpose would be served by the appointment of a Committee as suggested.