220 ON PROSPECTS OF THE CIVIL SERVICE, &c., 



The pensions which have already been granted under the Act 

 may be classified as follows : 

 To one of the age of 49 a net pension for remainder of 



his life of 350 



To one of the age of 55 433 6 8 



To one of the age of 57 504 



To four of the age of 60 in all 1696 6 8 



To one of the as-e of 68 192 



Total... .. 3175 13 1 



The present value of these pensions, ascertained by means of 

 the usual tables, exceeds 30,000 ; and as they have been granted 

 to persons who have contributed little or nothing to the fund, 

 they also, in fairness, should be charged against such endowment 

 as the fund may receive. 



Now the endowments which, under the provisions of the Act, 

 are available, or supposed to be so, during the next ten years are, 



1. The sum of 10,000, paid out of the Consolidated Fund, 



in accordance with clause 16 of the Superannuation Act. 

 This, however, has been diminished by a claim of 1470, on 

 account of a recent death, and is now but 8530. 



2. The contributions of officers who may leave the service at 



their own wish before they have become entitled to any 

 payment from the fund, or who may be dismissed. 



By comparing the Blue Book of 1860 with that of 1863, it 

 has been ascertained that during these three years, salaries in the 

 aggregate amounting to about 30,000, have from the above 

 causes been surrendered by officers whose average service has 

 been seven years. 



On the assumption that retirements in future will be at this 

 rate, the following sums may be carried to the credit of endow- 

 ment : 

 At the end of the first year, the contributions of 



those who have subscribed one year only, 4 per 



cent, on 10,000 400 



At the end of the second year, the contributions of 



those who have subscribed one and two years ... 600 



