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Definitions.
40 & 41 Vict. c. 21.
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5. For the purposes of this Act—
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The expression “local authority” means—
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(a.) As regards England, the prison authority within the meaning of the Prison Act, 1877; and
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(b.) As regards Scotland, the Commissioners of Supply of the county or the magistrates of a burgh; and
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(c.) As regards Ireland, the grand jury of a county or a town council having the powers of a grand jury.
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The expression “clerk of a local authority” means, as regards Ireland, the secretary of the grand jury, or in the case of a town council the town clerk, and such secretary shall for the purpose of an investment made in pursuance of this Act, be a corporation sole.
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The expression “rates” includes any rates, assessment, cess, or other funds out of which a share of the annuity is payable by a local authority in pursuance of the Acts mentioned in the first schedule to this Act.
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SCHEDULES.
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FIRST SCHEDULE. Sects. 1, 5.
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Prison Acts referred to.
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Session and Chapter.
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Short Title of Act.
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Sections referred to.
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40 & 41 Vict. c. 21.
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The Prison Act, 1877 - - -
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Section thirty-six.
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40 & 41 Vict. c. 49.
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The General Prisons (Ireland) Act, 1877.
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Section thirty-two.
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40 & 41 Vict. c. 53.
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The Prisons (Scotland) Act, 1877
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Section forty-three.
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SECOND SCHEDULE.
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Sect. 1.
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Commutation Table.
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Note.—This table is identical with the Post Office Table of immediate life annuities made under 27 & 28 Vict. c. 43. s. 6.
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Table showing the Capital Value of an Annuity of 1l. according to the Age and Sex of the Annuitant.
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Age of the Annuitant at the Time of Commutation.
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Males.
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Females.
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Age of the Annuitant at the Time of Commutation.
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Males.
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Females.
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£
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s.
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d.
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£
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s.
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d.
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£
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s.
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d.
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£
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s.
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d.
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If 21 and under 22
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19
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10
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11
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21
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3
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11
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If 51 and under 52
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13
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6
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2
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15
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6
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9
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22
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[html]
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23
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19
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9
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0
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21
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1
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4
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52
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[html]
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53
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12
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19
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9
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15
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0
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5
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23
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[html]
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24
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19
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7
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2
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20
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18
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9
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53
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[html]
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54
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12
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13
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4
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14
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14
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0
|
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24
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[html]
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25
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19
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5
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4
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20
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16
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0
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54
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[html]
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55
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12
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7
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2
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14
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7
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4
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25
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[html]
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26
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19
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3
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6
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20
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13
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2
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55
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[html]
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56
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12
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1
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0
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14
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0
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7
|
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26
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[html]
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27
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19
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1
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5
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20
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10
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3
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56
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[html]
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57
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11
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15
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0
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13
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13
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9
|
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27
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[html]
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28
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18
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18
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10
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20
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7
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3
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57
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[html]
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58
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11
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9
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1
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13
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6
|
10
|
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28
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[html]
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29
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18
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16
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2
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20
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4
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2
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58
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[html]
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59
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11
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3
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3
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12
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19
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9
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29
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[html]
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30
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18
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13
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3
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20
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1
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0
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59
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[html]
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60
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10
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17
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3
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12
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12
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8
|
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30
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[html]
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31
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18
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10
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2
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19
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17
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9
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60
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[html]
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61
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10
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11
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2
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12
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5
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6
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31
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[html]
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32
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18
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6
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11
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19
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14
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9
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61
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[html]
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62
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10
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4
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10
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11
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18
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1
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32
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[html]
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33
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18
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3
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7
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19
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11
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0
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62
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[html]
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63
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9
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18
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3
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11
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10
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6
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33
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[html]
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34
|
18
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0
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1
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19
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7
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6
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63
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[html]
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64
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9
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11
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5
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11
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2
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11
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34
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[html]
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35
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17
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16
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4
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19
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4
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0
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64
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[html]
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65
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9
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4
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7
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10
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15
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4
|
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35
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[html]
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36
|
17
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12
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5
|
19
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0
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5
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65
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[html]
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66
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8
|
17
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10
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10
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7
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8
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36
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[html]
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37
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17
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8
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3
|
18
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16
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11
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66
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[html]
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67
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8
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11
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1
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10
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0
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1
|
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37
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[html]
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38
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17
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4
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1
|
18
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13
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4
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67
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[html]
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68
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8
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4
|
9
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9
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12
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6
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38
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[html]
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39
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16
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19
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9
|
18
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9
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7
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68
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[html]
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69
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7
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18
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7
|
9
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5
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0
|
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39
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[html]
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40
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16
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15
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3
|
18
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5
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9
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69
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[html]
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70
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7
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12
|
5
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8
|
17
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5
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40
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[html]
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41
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16
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10
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9
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18
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1
|
10
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70
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[html]
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71
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7
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6
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4
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8
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9
|
11
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|
41
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[html]
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42
|
16
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6
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0
|
17
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17
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8
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71
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[html]
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72
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7
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0
|
6
|
8
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2
|
8
|
|
42
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[html]
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43
|
16
|
1
|
0
|
17
|
13
|
5
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72
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[html]
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73
|
6
|
14
|
10
|
7
|
15
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7
|
|
43
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[html]
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44
|
15
|
15
|
10
|
17
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9
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0
|
73
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[html]
|
74
|
6
|
9
|
1
|
7
|
8
|
7
|
|
44
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[html]
|
45
|
15
|
10
|
5
|
17
|
4
|
5
|
74
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[html]
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75
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6
|
3
|
1
|
7
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1
|
11
|
|
45
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[html]
|
46
|
15
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4
|
9
|
16
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19
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7
|
75
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[html]
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76
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5
|
17
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0
|
6
|
15
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5
|
|
46
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[html]
|
47
|
14
|
18
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11
|
16
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14
|
8
|
76
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[html]
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77
|
5
|
10
|
8
|
6
|
8
|
11
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|
47
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[html]
|
48
|
14
|
12
|
8
|
16
|
9
|
6
|
77
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[html]
|
78
|
5
|
3
|
7
|
6
|
2
|
9
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|
48
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[html]
|
49
|
14
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6
|
2
|
16
|
4
|
1
|
78
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[html]
|
79
|
4
|
16
|
6
|
5
|
17
|
1
|
|
49
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[html]
|
50
|
13
|
19
|
7
|
15
|
18
|
7
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79
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[html]
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80
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4
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9
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10
|
5
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11
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10
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50
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[html]
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51
|
13
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12
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11
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15
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12
|
9
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80 or any greater age
|
4
|
3
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3
|
5
|
7
|
0
|
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Note.—Where the share of an annuity is a fraction of a pound, the capital value of that share shall be calculated proportionally in accordance with the above table.
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