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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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	24 9 8	25 2 3	If 45 and under 46	17 7 5	18 15 1
6 and under 7	24 7 7	25 -� 5	46 and under 47	17 1 6	18 10 1
7 and under 8	24 5 5	24 18 7	47 and under 48	16 15 6	18 4 11
8 and under 9	24 3 2	24 16 8	48 and under 49	16 9 3	17 19 7
9 and under 10	24 -� 10	24 14 7	49 and under 50	16 2 10	17 14 1
10 and under 11	23 18 4	24 12 5	50 and under 51	15 16 4	17 8 5
11 and under 12	23 15 10	24 10 3	51 and under 52	15 9 8	17 2 6
12 and under 13	23 13 3	24 8 -�	52 and under 53	15 2 9	16 16 5
13 and under 14	23 10 8	24 5 8	53 and under 54	14 15 9	16 10 2
14 and under 15	23 8 1	24 3 4	54 and under 55	14 8 8	16 3 10
15 and under 16	23 5 6	24 -� 10	55 and under 56	14 1 5	15 17 4
16 and under 17	23 2 10	23 18 3	56 and under 57	13 14 1	15 10 6
17 and under 18	23 -� 1	23 15 8	57 and under 58	13 6 7	15 3 7
18 and under 19	22 17 4	23 13 -�	58 and under 59	12 19 1	14 16 6
19 and under 20	22 14 5	23 10 3	59 and under 60	12 11 6	14 9 2
20 and under 21	22 11 6	23 7 5	60 and under 61	12 3 10	14 1 9
21 and under 22	22 8 7	23 4 7	61 and under 62	11 16 6	13 14 7
22 and under 23	22 5 7	23 1 8	62 and under 63	11 9 2	13 7 1
23 and under 24	22 2 6	22 2 6	63 and under 64	11 1 9	12 19 5
24 and under 25	21 19 4	22 15 8	64 and under 65	10 14 5	12 11 6
25 and under 26	21 16 1	22 12 7	65 and under 66	10 7 1	12 3 7
26 and under 27	21 12 8	22 9 5	66 and under 67	9 19 10	11 15 6
27 and under 28	21 9 3	22 6 2	67 and under 68	9 12 8	11 7 4
28 and under 29	21 5 9	22 2 11	68 and under 69	9 5 8	10 19 2
29 and under 30	21 2 1	21 19 7	69 and under 70	8 18 8	10 11 -�
30 and under 31	20 18 4	21 16 3	70 and under 71	8 11 10	10 2 11
31 and under 32	20 14 6	21 12 9	71 and under 72	8 5 -�	9 14 11
32 and under 33	20 10 6	21 9 3	72 and under 73	7 18 4	9 7 -�
33 and under 34	20 6 6	21 5 8	73 and under 74	7 11 10	8 19 3
34 and under 35	20 2 3	21 1 11	74 and under 75	7 5 5	8 11 8
35 and under 36	19 18 -�	20 18 2	75 and under 76	6 19 3	8 4 3
36 and under 37	19 13 6	20 14 4	76 and under 77	6 13 3	7 16 11
37 and under 38	19 8 11	20 10 5	77 and under 78	6 7 5	7 9 9
38 and under 39	19 4 3	20 6 4	78 and under 79	6 1 9	7 2 10
39 and under 40	18 19 5	20 2 3	79 and under 80	5 16 3	6 16 1
40 and under 41	18 14 5	19 18 1	80 or any	5 11 -�	6 9 6
41 and under 42	18 9 4	19 13 9	greater age	5 11 -�	6 9 6
42 and under 43	18 4 1	19 9 3
43 and under 44	17 18 8	19 4 8
44 and under 45	17 13 1	18 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	25 1 4	25 14 7	If 45 and under 46	17 12 6	19 1 1
6 and under 7	24 19 1	25 12 7	46 and under 47	17 6 6	18 15 11
7 and under 8	24 16 9	25 10 7	47 and under 48	17 -� 3	18 10 7
8 and under 9	24 14 4	25 8 6	48 and under 49	16 13 10	18 5 1
9 and under 10	24 11 10	25 6 4	49 and under 50	16 7 3	17 19 4
10 and under 11	24 9 3	25 4 1	50 and under 51	16 -� 6	17 13 5
11 and under 12	24 6 7	25 1 9	51 and under 52	15 13 7	17 7 4
12 and under 13	24 3 11	24 19 4	52 and under 53	15 6 7	17 1 2
13 and under 14	24 1 2	24 16 11	53 and under 54	14 19 5	16 14 9
14 and under 15	23 18 5	24 14 5	54 and under 55	14 12 2	16 8 1
15 and under 16	23 15 8	24 11 9	55 and under 56	14 4 9	16 1 4
16 and under 17	23 12 10	24 9 -�	56 and under 57	13 17 2	15 14 5
17 and under 18	23 10 -�	24 6 3	57 and under 58	13 9 7	15 7 4
18 and under 19	23 7 1	24 3 5	58 and under 59	13 1 10	15 -� -�
19 and under 20	23 4 1	24 -� 7	59 and under 60	12 14 1	14 12 6
20 and under 21	23 1 -�	23 17 7	60 and under 61	12 6 3	14 4 11
21 and under 22	22 17 10	23 14 7	61 and under 62	11 18 10	13 17 7
22 and under 23	22 14 8	23 11 6	62 and under 63	11 11 4	13 9 11
23 and under 24	22 11 6	23 8 4	63 and under 64	11 3 9	13 2 -�
24 and under 25	22 8 2	23 5 2	64 and under 65	10 16 3	12 14 -�
25 and under 26	22 4 9	23 1 11	65 and under 66	10 8 10	12 5 11
26 and under 27	22 1 2	22 18 8	66 and under 67	10 1 5	11 17 8
27 and under 28	21 17 7	22 15 3	67 and under 68	9 14 2	11 9 4
28 and under 29	21 13 10	22 11 10	68 and under 69	9 7 1	11 1 -�
29 and under 30	21 10 1	22 8 4	69 and under 70	9 -� -�	10 12 8
30 and under 31	21 6 2	22 4 10	70 and under 71	8 13 -�	10 4 6
31 and under 32	21 2 2	22 1 2	71 and under 72	8 6 -�	9 16 5
32 and under 33	20 18 -�	21 17 6	72 and under 73	7 19 3	9 8 4
33 and under 34	20 13 9	21 13 9	73 and under 74	7 12 8	9 -� 6
34 and under 35	20 9 4	21 9 10	74 and under 75	7 6 3	8 12 10
35 and under 36	20 4 10	21 5 11	75 and under 76	7 -� -�	8 5 3
36 and under 37	20 -� 3	21 1 11	76 and under 77	6 13 11	7 17 10
37 and under 38	19 15 6	20 17 9	77 and under 78	6 8 -�	7 10 7
38 and under 39	19 10 8	20 13 7	78 and under 79	6 2 4	7 3 7
39 and under 40	19 5 7	20 9 4	79 and under 80	5 16 10	6 16 9
40 and under 41	19 -� 5	20 4 11	80 or any
41 and under 42	18 15 2	20 -� 5	greater age	5 11 6	6 10 2
42 and under 43	18 9 9	19 15 9
43 and under 44	18 4 2	19 11 -�
44 and under 45	17 18 5	19 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	25 13 5	26 7 4	If 45 and under 46	17 17 8	19 7 2
6 and under 7	25 11 -�	26 5 4	46 and under 47	17 11 5	19 1 10
7 and under 8	25 8 6	26 3 2	47 and under 48	17 5 -�	18 16 4
8 and under 9	25 6 -�	26 -� 11	48 and under 49	16 18 5	18 10 7
9 and under 10	25 3 5	25 18 7	49 and under 50	16 11 8	18 4 8
10 and under 11	25 -� 8	25 16 3	50 and under 51	16 4 9	17 18 7
11 and under 12	24 17 10	25 13 9	51 and under 52	15 17 8	17 12 4
12 and under 13	24 15 -�	25 11 2	52 and under 53	15 10 6	17 5 11
13 and under 14	24 12 1	25 8 7	53 and under 54	15 3 1	16 19 4
14 and under 15	24 9 2	25 5 11	54 and under 55	14 15 7	16 12 6
15 and under 16	24 6 3	25 3 1	55 and under 56	14 8 -�	16 5 6
16 and under 17	24 3 4	25 -� 3	56 and under 57	14 -� 4	15 18 5
17 and under 18	24 -� 4	24 17 4	57 and under 58	13 12 7	15 11 2
18 and under 19	23 17 2	24 14 4	58 and under 59	13 4 8	15 3 8
19 and under 20	23 14 -�	24 11 4	59 and under 60	12 16 9	14 15 11
20 and under 21	23 10 10	24 8 2	60 and under 61	12 8 9	14 8 2
21 and under 22	23 7 7	24 5 -�	61 and under 62	12 1 2	14 -� 8
22 and under 23	23 4 2	24 1 9	62 and under 63	11 13 6	13 12 10
23 and under 24	23 -� 9	23 18 5	63 and under 64	11 5 9	13 4 9
24 and under 25	22 17 3	23 15 1	64 and under 65	10 18 2	12 16 7
25 and under 26	22 13 8	23 11 8	65 and under 66	10 10 7	12 8 4
26 and under 27	22 10 -�	23 8 3	66 and under 67	10 3 1	11 19 11
27 and under 28	22 6 3	23 4 8	67 and under 68	9 15 8	11 11 6
28 and under 29	22 2 4	23 1 1	68 and under 69	9 8 5	11 3 -�
29 and under 30	21 18 4	22 17 5	69 and under 70	9 1 3	10 14 6
30 and under 31	21 14 2	22 13 9	70 and under 71	8 14 2	10 6 2
31 and under 32	21 10 -�	22 9 11	71 and under 72	8 7 2	9 17 11
32 and under 33	21 5 8	22 6 -�	72 and under 73	8 -� 4	9 9 9
33 and under 34	21 1 2	22 2 1	73 and under 74	7 13 8	9 1 10
34 and under 35	20 16 8	21 18 -�	74 and under 75	7 7 1	8 14 1
35 and under 36	20 12 -�	21 13 11	75 and under 76	7 -� 10	8 6 4
36 and under 37	20 7 3	21 9 8	76 and under 77	6 14 8	7 18 10
37 and under 38	20 2 4	21 5 5	77 and under 78	6 8 9	7 11 6
38 and under 39	19 17 2	21 1 -�	78 and under 79	6 2 11	7 4 5
39 and under 40	19 12 -�	20 16 7	79 and under 80	5 17 4	6 17 6
40 and under 41	19 6 8	20 12 -�	80 or any
41 and under 42	19 1 2	20 7 4	greater age	5 12 -�	6 10 10
42 and under 43	18 15 6	20 2 6
43 and under 44	18 9 9	19 17 6
44 and under 45	18 3 10	19 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	26 6 -�	27 7ndash; 8	If 45 and under 46	18 3 1	19 13 6
6 and under 7	26 3 5	26 18 6	46 and under 47	17 16 8	19 8 -�
7 and under 8	26 -� 10	26 16 3	47 and under 48	17 10 1	19 2 3
8 and under 9	25 18 3	26 13 11	48 and under 49	17 3 3	18 16 4
9 and under 10	25 15 5	26 11 5	49 and under 50	16 16 3	18 10 2
10 and under 11	25 12 6	26 8 11	50 and under 51	16 9 1	18 3 11
11 and under 12	25 9 6	26 6 3	51 and under 52	16 1 10	17 17 5
12 and under 13	25 6 6	26 3 7	52 and under 53	15 14 6	17 10 10
13 and under 14	25 3 5	26 -� 9	53 and under 54	15 6 11	17 4 -�
14 and under 15	25 -� 4	25 17 11	54 and under 55	14 19 2	16 17 -�
15 and under 16	24 17 3	25 14 11	55 and under 56	14 11 5	16 9 9
16 and under 17	24 14 2	25 11 11	56 and under 57	14 3 7	16 2 6
17 and under 18	24 11 -�	25 8 10	57 and under 58	13 15 7	15 15 -�
18 and under 19	24 7 9	25 5 8	58 and under 59	13 7 6	15 7 5
19 and under 20	24 4 5	25 2 6	59 and under 60	12 19 5	14 19 6
20 and under 21	24 1 1	24 19 2	60 and under 61	12 11 4	14 11 6
21 and under 22	23 17 7	24 15 10	61 and under 62	12 3 7	14 3 9
22 and under 23	23 14 -�	24 12 5	62 and under 63	11 15 9	13 15 9
23 and under 24	23 10 5	24 8 11	63 and under 64	11 7 11	13 7 7
24 and under 25	23 6 8	24 5 5	64 and under 65	11 -� 2	12 19 3
25 and under 26	23 2 11	24 1 10	65 and under 66	10 12 6	12 10 9
26 and under 27	22 19 1	23 18 2	66 and under 67	10 4 10	12 2 2
27 and under 28	22 15 2	23 14 5	67 and under 68	9 17 3	11 13 7
28 and under 29	22 11 1	23 10 8	68 and under 69	9 9 10	11 4 11
29 and under 30	22 6 10	23 6 10	69 and under 70	9 2 7	10 16 3
30 and under 31	22 2 6	23 2 11	70 and under 71	8 15 5	10 7 10
31 and under 32	21 18 2	22 18 11	71 and under 72	8 8 4	9 19 5
32 and under 33	21 13 8	22 14 10	72 and under 73	8 1 5	9 11 2
33 and under 34	21 9 -�	22 10 9	73 and under 74	7 14 7	9 3 2
34 and under 35	21 4 3	22 6 6	74 and under 75	7 8 -�	8 15 2
35 and under 36	20 19 4	22 2 2	75 and under 76	7 1 8	8 7 5
36 and under 37	20 14 4	21 17 9	76 and under 77	6 15 4	7 19 10
37 and under 38	20 9 3	21 13 4	77 and under 78	6 9 4	7 12 5
38 and under 39	20 4 -�	21 8 9	78 and under 79	6 3 6	7 5 3
39 and under 40	19 18 6	21 4 1	79 and under 80	5 17 11	6 18 2
40 and under 41	19 13 -�	20 19 3	80 or any
41 and under 42	19 7 4	20 14 5	greater age	5 12 6	6 11 6
42 and under 43	19 1 6	20 9 5
43 and under 44	18 15 6	20 4 3
44 and under 45	18 9 4	19 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	26 19 2	27 14 8	If 45 and under 46	18 8 7	20 -� -�
6 and under 7	26 16 6	27 12 4	46 and under 47	18 1 11	19 14 3
7 and under 8	26 13 9	27 9 11	47 and under 48	17 15 1	19 8 3
8 and under 9	26 10 11	27 7 5	48 and under 49	17 8 1	19 2 2
9 and under 10	26 7 11	27 4 10	49 and under 50	17 -� 10	18 15 10
10 and under 11	26 4 10	27 2 1	50 and under 51	16 13 6	18 9 4
11 and under 12	26 1 8	26 19 3	51 and under 52	16 6 1	18 2 8
12 and under 13	25 18 6	26 16 5	52 and under 53	15 18 6	17 15 10
13 and under 14	25 15 3	26 13 5	53 and under 54	15 10 9	17 8 10
14 and under 15	25 12 -�	26 10 5	54 and under 55	15 2 10	17 1 7
15 and under 16	25 8 9	26 7 3	55 and under 56	14 14 11	16 14 2
16 and under 17	25 5 5	26 4 1	56 and under 57	14 6 10	16 6 8
17 and under 18	25 2 -�	26 -� 10	57 and under 58	13 18 9	15 19 -�
18 and under 19	24 18 7	25 17 6	58 and under 59	13 10 6	15 11 2
19 and under 20	24 15 1	25 14 1	59 and under 60	13 2 3	15 3 1
20 and under 21	24 11 6	25 10 7	60 and under 61	12 13 11	14 14 11
21 and under 22	24 7 10	25 7 1	61 and under 62	12 6 -�	14 7 -�
22 and under 23	24 4 2	25 3 5	62 and under 63	11 18 -�	13 18 9
23 and under 24	24 -� 5	24 19 9	63 and under 64	11 10 -�	13 10 5
24 and under 25	23 16 6	24 16 1	64 and under 65	11 2 1	13 1 10
25 and under 26	23 12 6	24 12 4	65 and under 66	10 14 4	12 13 2
26 and under 27	23 8 6	24 8 5	66 and under 67	10 6 7	12 4 6
27 and under 28	23 4 4	24 4 6	67 and under 68	9 18 11	11 15 9
28 and under 29	23 -� -�	24 -� 7	68 and under 69	9 11 4	11 6 11
29 and under 30	22 15 8	23 16 6	69 and under 70	9 3 11	10 18 2
30 and under 31	22 11 2	23 12 4	70 and under 71	8 16 7	10 9 7
31 and under 32	22 6 7	23 8 2	71 and under 72	8 9 5	10 1 -�
32 and under 33	22 1 10	23 4 -�	72 and under 73	8 2 5	9 12 8
33 and under 34	21 17 -�	22 19 8	73 and under 74	7 15 7	9 4 6
34 and under 35	21 12 -�	22 15 3	74 and under 75	7 8 11	8 16 5
35 and under 36	21 6 11	22 10 9	75 and under 76	7 2 5	8 8 7
36 and under 37	21 1 9	22 6 1	76 and under 77	6 16 2	8 -� 10
37 and under 38	20 16 5	22 1 5	77 and under 78	6 10 1	7 13 4
38 and under 39	20 10 11	21 16 8	78 and under 79	6 4 2	7 6 1
39 and under 40	20 5 4	21 11 9	79 and under 80	5 18 6	6 19 -�
40 and under 41	19 19 7	21 6 9	80 or any	5 13 -�	6 12 2
41 and under 42	19 13 8	21 1 8	greater age	5 13 -�	6 12 2
42 and under 43	19 7 7	20 16 5
43 and under 44	19 1 5	20 11 1
44 and under 45	18 15 1	20 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	27 13 -�	28 9 4	If 45 and under 46	18 14 3	20 6 8
6 and under 7	27 10 2	28 6 9	46 and under 47	18 7 4	20 -� 8
7 and under 8	27 7 2	28 4 2	47 and under 48	18 -� 3	19 14 5
8 and under 9	27 4 2	28 1 6	48 and under 49	17 13 -�	19 8 1
9 and under 10	27 1 -�	27 18 9	49 and under 50	17 5 7	19 1 7
10 and under 11	26 17 8	27 15 10	50 and under 51	16 18 1	18 14 11
11 and under 12	26 14 4	27 12 10	51 and under 52	16 10 5	18 8 -�
12 and under 13	26 10 11	27 9 9	52 and under 53	16 2 7	18 -� 11
13 and under 14	26 7 6	27 6 7	53 and under 54	15 14 7	17 13 8
14 and under 15	26 4 1	27 3 5	54 and under 55	15 6 7	17 6 3
15 and under 16	26 -� 8	27 -� 1	55 and under 56	14 18 5	16 18 8
16 and under 17	25 17 2	26 16 8	56 and under 57	14 10 3	16 10 11
17 and under 18	25 13 7	26 13 3	57 and under 58	14 1 11	16 3 -�
18 and under 19	25 9 11	26 9 9	58 and under 59	13 13 6	15 14 11
19 and under 20	25 6 3	26 6 2	59 and under 60	13 5 -�	15 6 8
20 and under 21	25 2 6	26 2 6	60 and under 61	12 16 6	14 18 4
21 and under 22	24 18 8	25 18 9	61 and under 62	12 8 6	14 10 3
22 and under 23	24 14 9	25 14 11	62 and under 63	12 -� 4	14 1 10
23 and under 24	24 10 9	25 11 1	63 and under 64	11 12 2	13 13 3
24 and under 25	24 6 8	25 7 2	64 and under 65	11 4 2	13 4 6
25 and under 26	24 2 6	25 3 2	65 and under 66	10 16 2	12 15 9
26 and under 27	23 18 2	24 19 1	66 and under 67	10 8 3	12 6 10
27 and under 28	23 13 10	24 15 -�	67 and under 68	10 -� 6	11 17 10
28 and under 29	23 9 4	24 10 9	68 and under 69	9 12 10	11 8 11
29 and under 30	23 4 9	24 6 6	69 and under 70	9 5 3	11 -� -�
30 and under 31	23 -� -�	24 2 2	70 and under 71	8 17 10	10 11 3
31 and under 32	22 15 2	23 17 10	71 and under 72	8 10 7	10 2 7
32 and under 33	22 10 3	23 13 5	72 and under 73	8 3 6	9 14 1
33 and under 34	22 5 3	23 8 10	73 and under 74	7 16 7	9 5 9
34 and under 35	22 -� 1	23 4 3	74 and under 75	7 9 10	8 17 7
35 and under 36	21 14 9	22 19 6	75 and under 76	7 3 3	8 9 7
36 and under 37	21 9 4	22 14 8	76 and under 77	6 16 10	8 1 9
37 and under 38	21 3 9	22 9 10	77 and under 78	6 10 8	7 14 2
38 and under 39	20 18 1	22 4 10	78 and under 79	6 4 9	7 6 10
39 and under 40	20 12 3	21 19 9	79 and under 80	5 19 -�	6 19 8
40 and under 41	20 6 3	21 14 6	80 or any
41 and under 42	20 -� 1	21 9 2	greater age	5 13 6	6 12 10
42 and under 43	19 13 10	21 3 9
43 and under 44	19 7 5	20 18 2
44 and under 45	19 -� 11	20 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 February				on the 5th April following.
March and the last day of May				on the 5th July following.
June and the last day of August				on the 5th October following.
September and the last day of November						on 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 at			Age 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 6	28 7 5	29 4 8	If 45 and under 46	19 -� -�	20 13 5
6 and under 7	28 4 4	29 1 11	46 and under 47	18 12 10	20 7 3
7 and under 8	28 1 2	28 19 2	47 and under 48	18 5 6	20 -� 10
8 and under 9	27 17 11	28 16 3	48 and under 49	17 18 1	19 14 3
9 and under 10	27 14 7	28 13 3	49 and under 50	17 10 6	19 7 6
10 and under 11	27 11 2	28 10 2	50 and under 51	17 2 9	19 -� 7
11 and under 12	27 7 7	28 7 -�	51 and under 52	16 14 10	18 13 6
12 and under 13	27 4 -�	28 3 8	52 and under 53	16 6 9	18 6 3
13 and under 14	27 -� 4	28 -� 4	53 and under 54	15 18 8	17 18 9
14 and under 15	26 16 9	27 17 -�	54 and under 55	15 10 5	17 11 1
15 and under 16	26 13 1	27 13 5	55 and under 56	15 2 -�	17 3 4
16 and under 17	26 9 4	27 9 10	56 and under 57	14 13 7	16 15 4
17 and under 18	26 5 7	27 6 2	57 and under 58	14 5 1	16 7 2
18 and under 19	26 1 9	27 2 6	58 and under 59	13 16 6	15 18 10
19 and under 20	25 17 10	26 18 8	59 and under 60	13 7 10	15 10 5
20 and under 21	25 13 10	26 14 10	60 and under 61	12 19 2	15 1 10
21 and under 22	25 9 9	26 10 10	61 and under 62	12 11 -�	14 13 7
22 and under 23	25 5 8	26 6 10	62 and under 63	12 2 8	14 4 11
23 and under 24	25 1 5	26 2 10	63 and under 64	11 14 4	13 16 2
24 and under 25	24 17 1	25 18 8	64 and under 65	11 6 2	13 7 3
25 and under 26	24 12 9	25 14 5	65 and under 66	10 18 1	12 18 4
26 and under 27	24 8 3	25 10 2	66 and under 67	10 10 -�	12 9 3
27 and under 28	24 3 8	25 5 10	67 and under 68	10 2 1	12 -� 1
28 and under 29	23 18 11	25 1 5	68 and under 69	9 14 4	11 10 11
29 and under 30	23 14 1	24 16 11	69 and under 70	9 6 8	11 1 11
30 and under 31	23 9 2	24 12 5	70 and under 71	8 19 2	10 13 -�
31 and under 32	23 4 2	24 7 10	71 and under 72	8 11 9	10 4 2
32 and under 33	22 19 -�	24 3 2	72 and under 73	8 4 7	9 15 7
33 and under 34	22 13 9	23 18 4	73 and under 74	7 17 6	9 7 2
34 and under 35	22 8 4	23 13 6	74 and under 75	7 10 8	8 18 10
35 and under 36	22 2 10	23 8 7	75 and under 76	7 4 1	8 10 9
36 and under 37	21 17 2	23 3 6	76 and under 77	6 17 7	8 2 10
37 and under 38	21 11 4	22 18 5	77 and under 78	6 11 4	7 15 2
38 and under 39	21 5 5	22 13 2	78 and under 79	6 5 4	7 7 9
39 and under 40	20 19 4	22 7 11	79 and under 80	5 19 7	7 -� 6
40 and under 41	20 13 1	22 2 6	80 or any
41 and under 42	20 6 9	21 16 11	greater age	5 14 -�	6 13 6
42 and under 43	20 -� 3	21 11 3
43 and under 44	19 13 8	21 5 6
44 and under 45	19 6 11	20 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.