East India Annuity Funds Act 1874
| Jurisdiction | UK Non-devolved |
| Citation | 1874 c. 12 |
| Year | 1874 |
East India Annuity Funds Act, 1874
(37 & 38 Vict.) CHAPTER 12.
An Act to make provision for the transfer of the assets and liabilities of the Bengal and Madras Civil Service Annuity Funds, and the Annuity Branch of the Bombay Civil Fund, to the Secretary of State for India in Council.
[8th June 1874]
W HEREAS an institution, known as the Bengal Civil Service Annuity Fund, was established in India, under the authority given by the Court of Directors of the East India Company in a public despatch to the Governor General in Council at Fort William in Bengal, dated the eighth of December one thousand eight hundred and twenty-four, for the grant of annuities to the civil servants of the said Company, on their retiring from the service, who should become subscribers to the said institution; and whereas another institution, known as the Madras Civil Service Annuity Fund, founded on certain annuity funds of earlier dates, was established in Madras, under the authority given by the said Court of Directors in a public despatch to the Governor in Council at Fort St. George, dated the thirty-first of December one thousand eight hundred and twenty-four, for the grant of similar annuities; and whereas another institution, known as the Annuity Branch of the Bombay Civil Fund, founded on an annuity fund of earlier date, was established in Bombay, under the authority given by the said Court of Directors in a public despatch to the Governor in Council at Bombay, dated the thirty-first of December one thousand eight hundred and twenty-four, the said Annuity Branch having a separate capital for the grant of annuities like the Bengal and Madras Annuity Funds; and the said Civil Annuity Funds were supported by the subscriptions of the civil servants of the said Company and by certain contributions from the said Company:
And whereas, in a financial despatch to the Government of India, dated the tenth of February one thousand eight hundred and seventy-one, certain changes respecting the grant of annuities were authorised by the Secretary of State for India in Council, which, taken in connexion with other changes which had been previously made also under the authority of the said Secretary of State for India in Council, rendered the continuance of the machinery of the Bengal, Madras, and Bombay Civil Annuity Funds unnecessary:
And whereas, in accordance with the instructions contained in the aforesaid despatch the Government of India caused the inquiry to be made...
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