The Old-age Pensions Act

.—Granting to every reputable person of sixty-five years of age, who has resided in the colony for twenty-five years, a pension of £18 per year, diminished by £1 for every complete pound of income above £34, and also by £1 for every complete £15 of the net capital value of his accumulated property. The Act sets out the conditions which the pension claimant must fulfil, and the events involving forfeiture of the pension or of specified instalments. There are excluded from pensions all aliens; also aboriginal natives to whom moneys (other than pensions) are paid under "The Civil List Act, 1863"; also naturalised subjects, except such as have been naturalised for five years .also Chinese and other Asiatics, whether naturalised or not. The pension-moneys are payable without further appropriation than the Act, but this provision continues in operation only until the fourteenth day after the close of the second session of the now next succeeding Parliament. Every pension is granted subject to any repealing or amending Act hereafter passed. No. 15.

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Journals of the House of Representatives, 1899 Session I