The Governors' Pensions (Commutation) Order, 1956

Made5th November 1956

Laid before Parliament8th November 1956

Coming into Operation9th November 1956

The Lords Commissioners of Her Majesty's Treasury, in exercise of the powers conferred upon them by section 5 of the Governors' Pensions Act, 1956, and of all other powers enabling them in that behalf, hereby make the following Order:—

1

The amount of the capital sum which is to be paid on the commutation of part of a pension granted under the Pensions (Governors of Dominions, &c.) Act, 1911, shall be the amount produced by multiplying the yearly amount of that part of the pension which is commuted by eleven and a half.

2

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

3

This Order may be cited as the Governors' Pensions (Commutation) Order, 1956, and shall come into operation on the ninth day of November, nineteen hundred and fifty-six.

Gerald WillsEdward WakefieldTwo of the Lords Commissioners of Her Majesty's TreasuryDated this 5th day of November, nineteen hundred and fifty-six

EXPLANATORY NOTE

Section 5 of the Governors' Pensions Act 1956 empowers the Treasury to specify by order the manner in which the capital sum payable under that section in commutation of part of a pension granted to a Governor of an overseas territory is to be calculated.

This Order prescribes that the capital sum shall be calculated by multiplying the yearly amount of that part of the pension which is commuted by eleven and a half.