§ Sir J. D. REESasked the Secretary of State for India whether, in view of the fact that the latest valuation of the assets and liabilities of the Indian Civil Service Family Pension Fund is that for the quinquennium ending 31st March, 1911, he will now direct that a valuation be made for the quinquennium ending 31st March, 1916; and whether he will direct that for the purpose of such valuation the rate of interest to be allowed shall be 5 per cent., in conformity with the provision in the Regulations that the rate of interest to be allowed will be the rate which may be fixed from time to time by the Secretary of State in Council upon a consideration of the market rates of the day?
§ Mr. CHAMBERLAINAs important concessions were granted to subscribers as from 1st April, 1914, the Secretary of State in Council decided that the next valuation shall be made as at 31st March, 1918. The rate of interest will be deter-1948W mined in accordance with the Regulations, on a consideration of the market rates of the day.