A statement of the present position of the Bengal Medical retiring Fund.

  • Bengal Medical Retiring Fund.
Date:
[1869]
Catalogue details

Licence: Public Domain Mark

Credit: A statement of the present position of the Bengal Medical retiring Fund. Source: Wellcome Collection.

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    ,£‘\' X _> A STATEMENT OF THE PRESENT POSITION OF THE BENGAL MEDICAL RETIRING FUND. The Bengal Medical Retiring Fund was estab¬ lished ** for the purpose of providing annuities for the Senior Officers of the Medical Service of the Hon ble East India Company on their Bengal establish™ ment, who are subscribers to the Fund, with a view both to accelerate promotion and to enable the said Senior Officers to retire sooner than they could have hoped to do from the said Medical Service.” This deed was executed in the year 1836, with retro¬ spective effect from the 1st of January 1833, {vide Extract Military letter from the Honffile Court of Directors No. 5S dated the 8th January 1836.) 2. When the Fund was first established, it was optional for members of the Bengal Medical Service to subscribe,but afterwards,. in terms of the letter previously quoted, it became obligatory, shewing clearly the interest the Gov¬ ernment of the day took in the well-being of the Institu¬ tion. To maintain the efficiency of the Medical Service by accelerating promotion in every grade w^as obviously the desire of Government in instituting compulsory sub¬ scriptions from Officers who, in those days, had no other available annuity fund to which they could subscribe. 3. This object was to be accomplished by giving such compulsory subscribers to the fund the option of retiring after seventeen years of actual service, on an annuity of £300 in rotation to the senior applicant, after he had paid the half value of the annuity* Members