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India (Family Pension Funds)

Volume 476: debated on Wednesday 28 June 1950

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6.59 p.m.

I beg to move,

"That an humble Address be presented to His Majesty, in pursuance of Section 309 of the Government of India Act, 1935, praying that the Government of India (Family Pension Funds) (Amendment) Order, 1950, be made in the form of the draft laid before Parliament on 16th June."
I hope this Order will not detain the House for long. It is a question of a draft Order to amend the Order of 1936 governing Indian family pension funds. Its purpose is solely to extend the range of investment in which the Commissioners of these funds can invest their funds. That is because it is proving difficult to meet the rates of pensions as the pensioners are living longer than it was calculated they would. The effect of the draft Order would be to enable the rates of pensions to be increased because the yield of these funds, we hope, would be larger—

Debate adjourned.—[ Mr. Gordon-Walker.]

Debate to be resumed Tomorrow.