44 
SHOUT NOTES ON EltOEESSIQNAL SUBJECTS. 
(o) That every colonel, on removal to the reserved list, should have the 
option of retiring from the army on £600 a year, with a step in honorary rank. 
( d ) That every officer, after completing 22 years* service, should have 
the absolute right to retire, with a step of honorary rank, and with an annuity 
according to the following scale, irrespective of pensions for wounds or dis¬ 
tinguished service :— 
1 
Number of 
years’ 
service. 
Annuity. 
Probable 
age. 
Probable value 
of 
annuity. 
22 
£. 
250 
42 
£. 
3270 
25 
increasing by £25 
annually to 
325 
45 
4080 
28 
400 
48 
4780 
30 
450 
50 
5050 
35 
increasing by £15 
annually to 
525 
55 
6400 
40 
000 
60 
5510 
(e) That provision be made by Parliament to enable an Officer to compound 
(through the agency of the National Debt Office) his annuity for its “present 
value,” regard being had to his age and the state of his health, and the computation 
of value being made at 5 per cent, interest. 
(The fourth column in the above table shows the values of the proposed 
annuities on the assumption that the life is good, and that the officer obtained his 
commission at 20 years of age). 
(/) That no commutation of pension be allowed except on the retirement of 
the officer. 
(g) That no officer be retired on half-pay except for wounds or ill-health, and 
that officers rendered unfit for service by ill-health, be allowed to continue on the 
half-pay list, whatever their length of service may have been, power being retained 
to bring them back to their former place in the corps when pronounced fit for 
dutv. 
The Committee would refer to the evidence given by His Eoyal Highness the 
Field Marshal Commanding in Chief, with respect to officers placed on temporary 
half-pay. 
(Ji) That it should be in the discretion of the military authorities to employ 
or not any officer who shall have acquired the right to retire on a pension. 
(i) That retirement from the Marines should be governed by similar regulations, 
the maximum annuity being £600, except in the case of an existing Colonel 
Commandant, whose annuity may be £700 a year. 
It will be necessary, in future arrangements with the Government of India, 
to provide for the due proportion of the cost of the retirements of Artillery and 
Engineer Officers being defrayed from Indian revenues. 
