The Savings Bank Annuities (Tables) Order 1954 No. 1578


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United Kingdom Statutory Instruments
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Statutory Instruments

1954 No. 1578

GOVERNMENT ANNUITIES

The Savings Bank Annuities (Tables) Order, 1954

Made

25th November 1954

Laid before Parliament

30th November 1954

Whereas by subsection (1) of section 53 of the Government Annuities Act, 1929 , it is enacted that the Treasury may from time to time cause tables to be constructed for calculating the amounts of savings bank annuities;

And Whereas by subsection (2) of the said section 53 it is enacted that every such table when approved by the Treasury shall, together with a statement of the rules observed in constructing it, be laid before both Houses of Parliament for not less than thirty days, and if an address is presented to Her Majesty by either House of Parliament praying that such table may be cancelled, the table shall be cancelled without prejudice to the framing of another table in lieu of the table so cancelled;

And Whereas by subsection (3) of the said section 53 it is enacted that after the expiration of the said thirty days, the Treasury may cause the table, if not so cancelled, to be published in the London Gazette, and the table shall come into operation on the day on which it is so published or such later day as may be fixed by the Treasury:

Now the Treasury, in pursuance of the said section 53, and of all other powers enabling them in that behalf, hereby make the following Order:-

1. The tables for calculating the amounts of immediate savings bank annuities shall be the tables set out in the Second Schedule to this Order, being tables constructed in accordance with the rules set out in the First Schedule to this Order.

2. The Tables(1), dated the 12th day of May, 1934, approved by the Treasury for the Grant of Immediate Life Annuities are revoked on the coming into operation of this Order.

3.-(1) This Order may be cited as the Savings Bank Annuities (Tables) Order, 1954.

(2) The Interpretation Act, 1889, shall apply to the interpretation of this Order as it applies to the interpretation of an Act of Parliament.

4. This Order shall come into force on the day on which the tables set out in the Second Schedule to this Order are published in the London Gazette.(2)

Edward Heath

R. H. M. Thompson

Two of the Lords Commissioners of Her Majesty's Treasury

Dated this twenty-fifth day of November, nineteen hundred and fifty-four

FIRST SCHEDULESTATEMENT OF THE RULES OBSERVED IN THE CONSTRUCTION OF THE TABLES FOR THE GRANT OF LIFE ANNUITIES UNDER THE PROVISIONS OF THE GOVERNMENT ANNUITIES ACT, 1929. PART II

The Tables are based on an investigation into the mortality of Government Annuitants which is described in detail in a report to the Treasury by the Government Actuary and the Actuary to the National Debt Commissioners dated 24th May, 1954, and published as a Stationery Office publication. The investigation showed not only that the mortality of Government Annuitants is now considerably lighter than that experienced in the period 1900-�20 on which the tables hitherto in use were based but also that the allowance made in those tables for a prospective further decline in mortality is no longer adequate. It has therefore been necessary to make such additions to the net annuity values as in the opinion of the Actuaries are needed to secure that, as required by Section 53 of the Act, the grant of annuities shall not cause any loss to the Exchequer. The tables incorporate also an addition of £1 16s. per cent of the net annuity value to provide for the expenses incurred by the National Debt Commissioners in connexion with the grant and payment of each annuity.

SECOND SCHEDULETABLES OF IMMEDIATE LIFE ANNUITIES

TABLE C.9

IMMEDIATE LIFE ANNUITIES 19 & 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£60 10 s. or between£60 10 s. or between
£60 10s. and £62 10s.£60 10s. and £62 10s.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 624 9 825 2 3If 45 and under 4617 7 518 15 1
6 and under 724 7 725 -� 546 and under 4717 1 618 10 1
7 and under 824 5 524 18 747 and under 4816 15 618 4 11
8 and under 924 3 224 16 848 and under 4916 9 317 19 7
9 and under 1024 -� 1024 14 749 and under 5016 2 1017 14 1
10 and under 1123 18 424 12 550 and under 5115 16 417 8 5
11 and under 1223 15 1024 10 351 and under 5215 9 817 2 6
12 and under 1323 13 324 8 -�52 and under 5315 2 916 16 5
13 and under 1423 10 824 5 853 and under 5414 15 916 10 2
14 and under 1523 8 124 3 454 and under 5514 8 816 3 10
15 and under 1623 5 624 -� 1055 and under 5614 1 515 17 4
16 and under 1723 2 1023 18 356 and under 5713 14 115 10 6
17 and under 1823 -� 123 15 857 and under 5813 6 715 3 7
18 and under 1922 17 423 13 -�58 and under 5912 19 114 16 6
19 and under 2022 14 523 10 359 and under 6012 11 614 9 2
20 and under 2122 11 623 7 560 and under 6112 3 1014 1 9
21 and under 2222 8 723 4 761 and under 6211 16 613 14 7
22 and under 2322 5 723 1 862 and under 6311 9 213 7 1
23 and under 2422 2 622 2 663 and under 6411 1 912 19 5
24 and under 2521 19 422 15 864 and under 6510 14 512 11 6
25 and under 2621 16 122 12 765 and under 6610 7 112 3 7
26 and under 2721 12 822 9 566 and under 679 19 1011 15 6
27 and under 2821 9 322 6 267 and under 689 12 811 7 4
28 and under 2921 5 922 2 1168 and under 699 5 810 19 2
29 and under 3021 2 121 19 769 and under 708 18 810 11 -�
30 and under 3120 18 421 16 370 and under 718 11 1010 2 11
31 and under 3220 14 621 12 971 and under 728 5 -�9 14 11
32 and under 3320 10 621 9 372 and under 737 18 49 7 -�
33 and under 3420 6 621 5 873 and under 747 11 108 19 3
34 and under 3520 2 321 1 1174 and under 757 5 58 11 8
35 and under 3619 18 -�20 18 275 and under 766 19 38 4 3
36 and under 3719 13 620 14 476 and under 776 13 37 16 11
37 and under 3819 8 1120 10 577 and under 786 7 57 9 9
38 and under 3919 4 320 6 478 and under 796 1 97 2 10
39 and under 4018 19 520 2 379 and under 805 16 36 16 1
40 and under 4118 14 519 18 180 or any5 11 -�6 9 6
41 and under 4218 9 419 13 9greater age5 11 -�6 9 6
42 and under 4318 4 119 9 3
43 and under 4417 18 819 4 8
44 and under 4517 13 118 19 11

TABLE C.10

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£62 10 s. or between£62 10 s. or between
£62 10s. and £64 10s.£62 10s. and £64 10s.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 625 1 425 14 7If 45 and under 4617 12 619 1 1
6 and under 724 19 125 12 746 and under 4717 6 618 15 11
7 and under 824 16 925 10 747 and under 4817 -� 318 10 7
8 and under 924 14 425 8 648 and under 4916 13 1018 5 1
9 and under 1024 11 1025 6 449 and under 5016 7 317 19 4
10 and under 1124 9 325 4 150 and under 5116 -� 617 13 5
11 and under 1224 6 725 1 951 and under 5215 13 717 7 4
12 and under 1324 3 1124 19 452 and under 5315 6 717 1 2
13 and under 1424 1 224 16 1153 and under 5414 19 516 14 9
14 and under 1523 18 524 14 554 and under 5514 12 216 8 1
15 and under 1623 15 824 11 955 and under 5614 4 916 1 4
16 and under 1723 12 1024 9 -�56 and under 5713 17 215 14 5
17 and under 1823 10 -�24 6 357 and under 5813 9 715 7 4
18 and under 1923 7 124 3 558 and under 5913 1 1015 -� -�
19 and under 2023 4 124 -� 759 and under 6012 14 114 12 6
20 and under 2123 1 -�23 17 760 and under 6112 6 314 4 11
21 and under 2222 17 1023 14 761 and under 6211 18 1013 17 7
22 and under 2322 14 823 11 662 and under 6311 11 413 9 11
23 and under 2422 11 623 8 463 and under 6411 3 913 2 -�
24 and under 2522 8 223 5 264 and under 6510 16 312 14 -�
25 and under 2622 4 923 1 1165 and under 6610 8 1012 5 11
26 and under 2722 1 222 18 866 and under 6710 1 511 17 8
27 and under 2821 17 722 15 367 and under 689 14 211 9 4
28 and under 2921 13 1022 11 1068 and under 699 7 111 1 -�
29 and under 3021 10 122 8 469 and under 709 -� -�10 12 8
30 and under 3121 6 222 4 1070 and under 718 13 -�10 4 6
31 and under 3221 2 222 1 271 and under 728 6 -�9 16 5
32 and under 3320 18 -�21 17 672 and under 737 19 39 8 4
33 and under 3420 13 921 13 973 and under 747 12 89 -� 6
34 and under 3520 9 421 9 1074 and under 757 6 38 12 10
35 and under 3620 4 1021 5 1175 and under 767 -� -�8 5 3
36 and under 3720 -� 321 1 1176 and under 776 13 117 17 10
37 and under 3819 15 620 17 977 and under 786 8 -�7 10 7
38 and under 3919 10 820 13 778 and under 796 2 47 3 7
39 and under 4019 5 720 9 479 and under 805 16 106 16 9
40 and under 4119 -� 520 4 1180 or any
41 and under 4218 15 220 -� 5greater age5 11 66 10 2
42 and under 4318 9 919 15 9
43 and under 4418 4 219 11 -�
44 and under 4517 18 519 6 2

TABLE C.11

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£64 10 s. or between£64 10 s. or between
£64 10s. and £66 10s.£64 10s. and £66 10s.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 625 13 526 7 4If 45 and under 4617 17 819 7 2
6 and under 725 11 -�26 5 446 and under 4717 11 519 1 10
7 and under 825 8 626 3 247 and under 4817 5 -�18 16 4
8 and under 925 6 -�26 -� 1148 and under 4916 18 518 10 7
9 and under 1025 3 525 18 749 and under 5016 11 818 4 8
10 and under 1125 -� 825 16 350 and under 5116 4 917 18 7
11 and under 1224 17 1025 13 951 and under 5215 17 817 12 4
12 and under 1324 15 -�25 11 252 and under 5315 10 617 5 11
13 and under 1424 12 125 8 753 and under 5415 3 116 19 4
14 and under 1524 9 225 5 1154 and under 5514 15 716 12 6
15 and under 1624 6 325 3 155 and under 5614 8 -�16 5 6
16 and under 1724 3 425 -� 356 and under 5714 -� 415 18 5
17 and under 1824 -� 424 17 457 and under 5813 12 715 11 2
18 and under 1923 17 224 14 458 and under 5913 4 815 3 8
19 and under 2023 14 -�24 11 459 and under 6012 16 914 15 11
20 and under 2123 10 1024 8 260 and under 6112 8 914 8 2
21 and under 2223 7 724 5 -�61 and under 6212 1 214 -� 8
22 and under 2323 4 224 1 962 and under 6311 13 613 12 10
23 and under 2423 -� 923 18 563 and under 6411 5 913 4 9
24 and under 2522 17 323 15 164 and under 6510 18 212 16 7
25 and under 2622 13 823 11 865 and under 6610 10 712 8 4
26 and under 2722 10 -�23 8 366 and under 6710 3 111 19 11
27 and under 2822 6 323 4 867 and under 689 15 811 11 6
28 and under 2922 2 423 1 168 and under 699 8 511 3 -�
29 and under 3021 18 422 17 569 and under 709 1 310 14 6
30 and under 3121 14 222 13 970 and under 718 14 210 6 2
31 and under 3221 10 -�22 9 1171 and under 728 7 29 17 11
32 and under 3321 5 822 6 -�72 and under 738 -� 49 9 9
33 and under 3421 1 222 2 173 and under 747 13 89 1 10
34 and under 3520 16 821 18 -�74 and under 757 7 18 14 1
35 and under 3620 12 -�21 13 1175 and under 767 -� 108 6 4
36 and under 3720 7 321 9 876 and under 776 14 87 18 10
37 and under 3820 2 421 5 577 and under 786 8 97 11 6
38 and under 3919 17 221 1 -�78 and under 796 2 117 4 5
39 and under 4019 12 -�20 16 779 and under 805 17 46 17 6
40 and under 4119 6 820 12 -�80 or any
41 and under 4219 1 220 7 4greater age5 12 -�6 10 10
42 and under 4318 15 620 2 6
43 and under 4418 9 919 17 6
44 and under 4518 3 1019 12 6

TABLE C.12

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£66 10 s. or between£66 10 s. or between
£66 10s. and £69.£66 10s. and £69.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 626 6 -�27 7ndash; 8If 45 and under 4618 3 119 13 6
6 and under 726 3 526 18 646 and under 4717 16 819 8 -�
7 and under 826 -� 1026 16 347 and under 4817 10 119 2 3
8 and under 925 18 326 13 1148 and under 4917 3 318 16 4
9 and under 1025 15 526 11 549 and under 5016 16 318 10 2
10 and under 1125 12 626 8 1150 and under 5116 9 118 3 11
11 and under 1225 9 626 6 351 and under 5216 1 1017 17 5
12 and under 1325 6 626 3 752 and under 5315 14 617 10 10
13 and under 1425 3 526 -� 953 and under 5415 6 1117 4 -�
14 and under 1525 -� 425 17 1154 and under 5514 19 216 17 -�
15 and under 1624 17 325 14 1155 and under 5614 11 516 9 9
16 and under 1724 14 225 11 1156 and under 5714 3 716 2 6
17 and under 1824 11 -�25 8 1057 and under 5813 15 715 15 -�
18 and under 1924 7 925 5 858 and under 5913 7 615 7 5
19 and under 2024 4 525 2 659 and under 6012 19 514 19 6
20 and under 2124 1 124 19 260 and under 6112 11 414 11 6
21 and under 2223 17 724 15 1061 and under 6212 3 714 3 9
22 and under 2323 14 -�24 12 562 and under 6311 15 913 15 9
23 and under 2423 10 524 8 1163 and under 6411 7 1113 7 7
24 and under 2523 6 824 5 564 and under 6511 -� 212 19 3
25 and under 2623 2 1124 1 1065 and under 6610 12 612 10 9
26 and under 2722 19 123 18 266 and under 6710 4 1012 2 2
27 and under 2822 15 223 14 567 and under 689 17 311 13 7
28 and under 2922 11 123 10 868 and under 699 9 1011 4 11
29 and under 3022 6 1023 6 1069 and under 709 2 710 16 3
30 and under 3122 2 623 2 1170 and under 718 15 510 7 10
31 and under 3221 18 222 18 1171 and under 728 8 49 19 5
32 and under 3321 13 822 14 1072 and under 738 1 59 11 2
33 and under 3421 9 -�22 10 973 and under 747 14 79 3 2
34 and under 3521 4 322 6 674 and under 757 8 -�8 15 2
35 and under 3620 19 422 2 275 and under 767 1 88 7 5
36 and under 3720 14 421 17 976 and under 776 15 47 19 10
37 and under 3820 9 321 13 477 and under 786 9 47 12 5
38 and under 3920 4 -�21 8 978 and under 796 3 67 5 3
39 and under 4019 18 621 4 179 and under 805 17 116 18 2
40 and under 4119 13 -�20 19 380 or any
41 and under 4219 7 420 14 5greater age5 12 66 11 6
42 and under 4319 1 620 9 5
43 and under 4418 15 620 4 3
44 and under 4518 9 419 18 11

TABLE C.13

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£69, or between£69, or between
£69 and £71 10s.£69 and £71 10s.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 626 19 227 14 8If 45 and under 4618 8 720 -� -�
6 and under 726 16 627 12 446 and under 4718 1 1119 14 3
7 and under 826 13 927 9 1147 and under 4817 15 119 8 3
8 and under 926 10 1127 7 548 and under 4917 8 119 2 2
9 and under 1026 7 1127 4 1049 and under 5017 -� 1018 15 10
10 and under 1126 4 1027 2 150 and under 5116 13 618 9 4
11 and under 1226 1 826 19 351 and under 5216 6 118 2 8
12 and under 1325 18 626 16 552 and under 5315 18 617 15 10
13 and under 1425 15 326 13 553 and under 5415 10 917 8 10
14 and under 1525 12 -�26 10 554 and under 5515 2 1017 1 7
15 and under 1625 8 926 7 355 and under 5614 14 1116 14 2
16 and under 1725 5 526 4 156 and under 5714 6 1016 6 8
17 and under 1825 2 -�26 -� 1057 and under 5813 18 915 19 -�
18 and under 1924 18 725 17 658 and under 5913 10 615 11 2
19 and under 2024 15 125 14 159 and under 6013 2 315 3 1
20 and under 2124 11 625 10 760 and under 6112 13 1114 14 11
21 and under 2224 7 1025 7 161 and under 6212 6 -�14 7 -�
22 and under 2324 4 225 3 562 and under 6311 18 -�13 18 9
23 and under 2424 -� 524 19 963 and under 6411 10 -�13 10 5
24 and under 2523 16 624 16 164 and under 6511 2 113 1 10
25 and under 2623 12 624 12 465 and under 6610 14 412 13 2
26 and under 2723 8 624 8 566 and under 6710 6 712 4 6
27 and under 2823 4 424 4 667 and under 689 18 1111 15 9
28 and under 2923 -� -�24 -� 768 and under 699 11 411 6 11
29 and under 3022 15 823 16 669 and under 709 3 1110 18 2
30 and under 3122 11 223 12 470 and under 718 16 710 9 7
31 and under 3222 6 723 8 271 and under 728 9 510 1 -�
32 and under 3322 1 1023 4 -�72 and under 738 2 59 12 8
33 and under 3421 17 -�22 19 873 and under 747 15 79 4 6
34 and under 3521 12 -�22 15 374 and under 757 8 118 16 5
35 and under 3621 6 1122 10 975 and under 767 2 58 8 7
36 and under 3721 1 922 6 176 and under 776 16 28 -� 10
37 and under 3820 16 522 1 577 and under 786 10 17 13 4
38 and under 3920 10 1121 16 878 and under 796 4 27 6 1
39 and under 4020 5 421 11 979 and under 805 18 66 19 -�
40 and under 4119 19 721 6 980 or any5 13 -�6 12 2
41 and under 4219 13 821 1 8greater age5 13 -�6 12 2
42 and under 4319 7 720 16 5
43 and under 4419 1 520 11 1
44 and under 4518 15 120 5 7

TABLE C.14

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£71 10 s. or between£71 10 s. or between
£71 10s. and £74.£71 10s. and £74.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 627 13 -�28 9 4If 45 and under 4618 14 320 6 8
6 and under 727 10 228 6 946 and under 4718 7 420 -� 8
7 and under 827 7 228 4 247 and under 4818 -� 319 14 5
8 and under 927 4 228 1 648 and under 4917 13 -�19 8 1
9 and under 1027 1 -�27 18 949 and under 5017 5 719 1 7
10 and under 1126 17 827 15 1050 and under 5116 18 118 14 11
11 and under 1226 14 427 12 1051 and under 5216 10 518 8 -�
12 and under 1326 10 1127 9 952 and under 5316 2 718 -� 11
13 and under 1426 7 627 6 753 and under 5415 14 717 13 8
14 and under 1526 4 127 3 554 and under 5515 6 717 6 3
15 and under 1626 -� 827 -� 155 and under 5614 18 516 18 8
16 and under 1725 17 226 16 856 and under 5714 10 316 10 11
17 and under 1825 13 726 13 357 and under 5814 1 1116 3 -�
18 and under 1925 9 1126 9 958 and under 5913 13 615 14 11
19 and under 2025 6 326 6 259 and under 6013 5 -�15 6 8
20 and under 2125 2 626 2 660 and under 6112 16 614 18 4
21 and under 2224 18 825 18 961 and under 6212 8 614 10 3
22 and under 2324 14 925 14 1162 and under 6312 -� 414 1 10
23 and under 2424 10 925 11 163 and under 6411 12 213 13 3
24 and under 2524 6 825 7 264 and under 6511 4 213 4 6
25 and under 2624 2 625 3 265 and under 6610 16 212 15 9
26 and under 2723 18 224 19 166 and under 6710 8 312 6 10
27 and under 2823 13 1024 15 -�67 and under 6810 -� 611 17 10
28 and under 2923 9 424 10 968 and under 699 12 1011 8 11
29 and under 3023 4 924 6 669 and under 709 5 311 -� -�
30 and under 3123 -� -�24 2 270 and under 718 17 1010 11 3
31 and under 3222 15 223 17 1071 and under 728 10 710 2 7
32 and under 3322 10 323 13 572 and under 738 3 69 14 1
33 and under 3422 5 323 8 1073 and under 747 16 79 5 9
34 and under 3522 -� 123 4 374 and under 757 9 108 17 7
35 and under 3621 14 922 19 675 and under 767 3 38 9 7
36 and under 3721 9 422 14 876 and under 776 16 108 1 9
37 and under 3821 3 922 9 1077 and under 786 10 87 14 2
38 and under 3920 18 122 4 1078 and under 796 4 97 6 10
39 and under 4020 12 321 19 979 and under 805 19 -�6 19 8
40 and under 4120 6 321 14 680 or any
41 and under 4220 -� 121 9 2greater age5 13 66 12 10
42 and under 4319 13 1021 3 9
43 and under 4419 7 520 18 2
44 and under 4519 -� 1120 12 6

TABLE C.15

IMMEDIATE LIFE ANNUITIES 19& 20 Geo. V., cap. 29. Part II. TABLE showing the SUM for which an IMMEDIATE LIFE ANNUITY of £1, payable Quarterly, will be granted

In respect of any Annuity purchase completed by the payment of the purchase money between the closing of the Consol Transfer Books of the Bank of England in the month of:-The first Quarterly payment of the Annuity will become due:-
December and the last day of Februaryon the 5th April following.
March and the last day of May on the 5th July following.
June and the last day of Auguston the 5th October following.
September and the last day of Novemberon the 5th January following.
When the average price of £100 of 2 ½ per cent. Consolidated Stock is
£74, or between£74, or between
£74 and £77.£74 and £77.
Age in years atAge in years at
the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1.the time of Purchase of the Person upon whose Cost of an Immediate Life Annuity of £1
Life the Annuity is to depend.Males.Females.Life the Annuity is to depend.Males.Females.
£ s. d.£ s. d.£ s. d.£ s. d.
If 5 and under 628 7 529 4 8If 45 and under 4619 -� -�20 13 5
6 and under 728 4 429 1 1146 and under 4718 12 1020 7 3
7 and under 828 1 228 19 247 and under 4818 5 620 -� 10
8 and under 927 17 1128 16 348 and under 4917 18 119 14 3
9 and under 1027 14 728 13 349 and under 5017 10 619 7 6
10 and under 1127 11 228 10 250 and under 5117 2 919 -� 7
11 and under 1227 7 728 7 -�51 and under 5216 14 1018 13 6
12 and under 1327 4 -�28 3 852 and under 5316 6 918 6 3
13 and under 1427 -� 428 -� 453 and under 5415 18 817 18 9
14 and under 1526 16 927 17 -�54 and under 5515 10 517 11 1
15 and under 1626 13 127 13 555 and under 5615 2 -�17 3 4
16 and under 1726 9 427 9 1056 and under 5714 13 716 15 4
17 and under 1826 5 727 6 257 and under 5814 5 116 7 2
18 and under 1926 1 927 2 658 and under 5913 16 615 18 10
19 and under 2025 17 1026 18 859 and under 6013 7 1015 10 5
20 and under 2125 13 1026 14 1060 and under 6112 19 215 1 10
21 and under 2225 9 926 10 1061 and under 6212 11 -�14 13 7
22 and under 2325 5 826 6 1062 and under 6312 2 814 4 11
23 and under 2425 1 526 2 1063 and under 6411 14 413 16 2
24 and under 2524 17 125 18 864 and under 6511 6 213 7 3
25 and under 2624 12 925 14 565 and under 6610 18 112 18 4
26 and under 2724 8 325 10 266 and under 6710 10 -�12 9 3
27 and under 2824 3 825 5 1067 and under 6810 2 112 -� 1
28 and under 2923 18 1125 1 568 and under 699 14 411 10 11
29 and under 3023 14 124 16 1169 and under 709 6 811 1 11
30 and under 3123 9 224 12 570 and under 718 19 210 13 -�
31 and under 3223 4 224 7 1071 and under 728 11 910 4 2
32 and under 3322 19 -�24 3 272 and under 738 4 79 15 7
33 and under 3422 13 923 18 473 and under 747 17 69 7 2
34 and under 3522 8 423 13 674 and under 757 10 88 18 10
35 and under 3622 2 1023 8 775 and under 767 4 18 10 9
36 and under 3721 17 223 3 676 and under 776 17 78 2 10
37 and under 3821 11 422 18 577 and under 786 11 47 15 2
38 and under 3921 5 522 13 278 and under 796 5 47 7 9
39 and under 4020 19 422 7 1179 and under 805 19 77 -� 6
40 and under 4120 13 122 2 680 or any
41 and under 4220 6 921 16 11greater age5 14 -�6 13 6
42 and under 4320 -� 321 11 3
43 and under 4419 13 821 5 6
44 and under 4519 6 1120 19 6

EXPLANATORY NOTE

Under the Government Annuities Act, 1929 , Part II, the National Debt Commissioners may grant Immediate Life Annuities which are sold through the Post Office Savings Bank and Trustee Savings Banks and are known as Savings Bank annuities. The Act empowers the Treasury to approve tables for calculating the amounts of these annuities, framed in such a manner that the Exchequer suffers no loss.

This Order approves new tables designed to achieve this object, replacing those approved on 12th May, 1934.

The First Schedule to the Order contains the rules in accordance with which the tables have been constructed; the Second Schedule contains the tables. Under the Act the tables are required to lie before Parliament for thirty days before they can be brought into operation; if no address is presented to Her Majesty praying that the tables be cancelled, they will, at the conclusion of the thirty days, be published in the London Gazette, and come into operation on the day of publication.

(1)

S.R. & O. 1934/471 (Rev. IX, p. 740: 1934 I, p. 762).

(2)

4.2.55.

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