1330 [30 of 1890. ) Widows' AND ORPHANS' PENSIONS .
The Fund.
Fund . 3. The fund shall be called The Widows' anl Orphans' Fund ,
and shall be raised as hereinafter directed .
Abatement of
salaries . 4. An abatement at the rate of four per cent shall be inade
[ Ibid.1 & 2.] by the Colonial Treasurer or the Crown Agents as the case may
be on each payment of the salary or pension of every public
officer who shall enter the Civil Service of the Colony after the
31st December, 1890, or whose yearly salary , baviny previously
been less than two hundred and forty dollars shall, after such
date, be increased to two hundred and forty dollars or more,
and of the salaries of the persons at present holding the offices
[ See No. 18 mentioned in schedule A. hereto and of their successors in the
of 1891, 8. 5. ] said offices. All other payments and contributions to the fund
shall be made to the Colonial Treasurer and placed to the
credit of the fund. Provided always that on good and sufficient
cause shown the Governor in Council may exempt from such
abatement any officer mentioned in the said schedule.
Voluntary
contributors.
5. The directors may admit any public officer who shall have
[ Ibid. 6. ] been appointed before the coming into force of this ordinance
to contribute towards the fund, provided that such public officer
shall pay forth with, or by such instalments as the directors shall
determine, a sum equal to all the abatements which would have
been made from his salary and all the compound interest at the
[ No, 18 of rate of six per cent which would have accrued on such abatements
1891. )
if he had commenced to contribute to such fund on the date
when this ordinance first came into force. And every public
officer so admitted to contribute to the fund shall be entitled to
the same privileges and shall be subject to the same conditions
in respect of the fund as are all other contributors.
Management of the fund.
Directors.
[ Ibid. 13.)
6. The Governor in Council shall appoint annually or from
time to time as may be necessary, tive directors of the fund,
who shall be eligible for re-appointment, and those duty it
shall be to superintend the management and administration of
such fund, and to enforce the laws and regulations relating
thereto. Any three of such directors shall form a quorum .
Annual
accounts.
7. The directors shall, on or before the thirty - first day of
[ Ibid . 13.) January in each year, prepare a detailed statement and account
of the fund for the year ending on the thirty -first day of De
cember preceding, with such report on the state and prospects
of such fund as the directors may deem necessary. Such state
ment and report shall be submitted to the Governor and laid
before the Legislative Council, and shall be published in the
Gazette. The outgoing directors shall continue to hold office
until new directors are appointed.