Savings Banks Act, 1887

Part II.

Government Annuities.

Amendment of 45 & 46 Vict. c. 51, s. 8, as to insurance on life of third person.

27 & 28 Vict. c. 43.

9. Notwithstanding anything in section eight of the Government Annuities Act, 1882, a savings bank annuity depending on the life of any person may, under such circumstances as are permitted by the regulations made under the Government Annuities Act, 1864, as amended by the above-mentioned Act, be granted to any other person, and when so granted may be transferred, so, however, that the amount of annuity or annuities granted on the life of any person do not exceed in the whole the amount of any annuity which could have been granted to such person.