The Indian Military Family Pension Fund

Medical Service know this Family Pension Fund to which we and all officers of the Indian Army must subscribe as a condition of appointment, and most of us are aware of a discussion which took place some time ago in the columns of the Pioneer and Truth as to the management thereof. The fund is not managed on ordinary insurance principles, nor is any insurance fund established. The contributions are credited and the pensions charged directly to the Indian revenues as military receipts and charges. The fund is however no charge on the Indian revenues, and the rates of subscriptions, etc., are regulated from time to time b}7 the Secretary of State. The Gazette of India for 31st August contained a letter from the Secretary of State on the valuation and report on this fund made by Mr. Willis Browne, f.i.a. It has been found that on a valuation 011 a basis of 41 per cent, interest the assets of the fund have exceeded the liabilities by the enormous sum of ?212,056 sterling on 31st March 1903 and by considerably more at the present time. In spite of this enormous sum to the credit