CO129-018 - Others - 1846 — Page 198

House Commo Admiral

Agent

ard of T

Bo

Foreign

Office

Hom

Offic

Ordna

Trea

Established rates of pay in substitution for the vested right to retiring Pension, My Lords concur in Mr Gladstone's Suggestion the recommendation of Sirr

of Fer I. Davis, the original arrangement detailed in the report of the Superintendent submitted in the Governor's Despatch of 21st May 1845 (W.84), in whereby The European Serjcants and Constables " being in the service 10 years

that, in accordance with

64

:

and worn out in the service" will.

become entitled to a retiring pension of half their Pay, should be permitted

to remain unaltered.

Asney

ards the proposed.

deposit in the "Oriental Bank" of

the

.196

the Funds derived from Superannu deductions and Feines, you will observe to Mt Gladstone that, if investment at Interest of the Funds

in

be

-question were requisite,

it should

made in Government, Equivalent Securities, and not with such Establis luments as the "Oriental

ment, or some oller.

"Bank" ; but as

but as my Lords appréhend

the Pensions could not be made

dependent upon the produce of any such investirent, but must be

66-

defrayed, veres pectives of that produce, from the General Revenue of the Settlement, it does not appear them that, in the present state

separate

of the Revenme, any

disposition of the Police Fennies

and