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Ministers may require trustees to purchase annuities, after which claim on commutation fund to cease.
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7. Any minister entitled to an annuity under or by virtue of the provisions aforesaid may by notice in writing served upon the secretary or agent of the trustees require the trustees to purchase for and in the name of such minister, and in lieu of the annuity payable to him under or by virtue of the provisions aforesaid, a government annuity of the like amount for his life; and thereupon the trustees shall purchase such life annuity for and in the name of such minister, and such minister shall thereupon cease to have any further claim or demand whatever upon the commutation fund, or the interest, dividends, or annual income thereof, but shall nevertheless be entitled to receive out of any sums of money paid to the trustees by the treasurer for the time being of the sustentation fund for augmentation of ministers annuities such further annual sum as the trustees shall ascertain and determine to be properly payable to such minister, having regard to the amount of the sums of money so applicable for the purpose, and to the extent to which the benefit derivable from commutation has been lessened by the purchase for such minister of such life annuity as aforesaid.
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