'File 1/4 Personal File of Captain H D H Rance' [‎285cr] (572/936)

4
Advances from the Fund.
7. (i) The Adjutant General in India or the Fla^r Officer Commanding
Royal Indian Navy or the Air Officer Commanding Air Forces in India, as the
case may be, may sanction the payment to any subscriber of an advance consisting
of a sum.of whole rupees Indian silver coin also widely used in the Persian Gulf. and ordinarily not exceeding in amount three months'
pay, from the sum standing to his credit in the Fund.
(ii) An advance shall not be granted to any subscriber until at least 12
month? have elapsed from the da^e of repayment of the last instalment of any
previous advance, unless the Adjutant General or the Flag Officer Commanding
or the Air Officer Commanding considers, for reasons which must be recorded in
writing, that this restriction may be relaxed.
Ciii) An advance shall be recovered in such number of equal monthly
instalments, not being less than ]2 nor more than 24, as the Adjutant General
or the Flag Officer Commandinsr or the Air Officer Commanding may prescribe.
A subscriber may, however, at his option, make repayment in a smaller number
"^f instalments than that prescribed. Each instalment shall be a complete num
ber of rupees Indian silver coin also widely used in the Persian Gulf. , the amount of the advance being raised or reduced, if necessary,
to admit of such instalment being fixed
(iv) Recovery shall be made in the manner provided in Rul^ 5 for the
realisation of subscriptions, and shall commence on the first occasion after the
advance is made on which the officer draws pay for a full month. It shall not
be made while the officer is on leave or in receipt of subsistence grant, and it
may be postponed by the Adjutant General or the Flag Officer Commanding or
the Air Officer Commanding during the recovery of an advance granted to an
officer otherwise than from the Fund.
(v) If at any time under clause (ii) of this rule an advance has be^n made
to an officer before one previously made has been completely recovered, each
advance shall be treated separately for the purpose of recovery.
'vi) (a") After the principal of the advance has been fully repaid interest
shall be paid thereon at the rate of one fifth per cent, of the principal fo 1 ' paeh
month or broken portion of a month during the period between the drawal and
complete repayment of the principal ;
_ Provided that Muhammadan subscribers whose deposits in the Fund carry
iK) interest phall not be required to pay into the Fund anv addi^nnRl instalments
on account of interest on advances erranted to them from the Fnnd.
fb) Interest shall ordinarily be recovered in one instabnpnt in the month
after complete repayment of the principal ; but, if the period referred to in
clause (a) exceeds twenty months, interest may. if the subscriber sn desires,
be recovered in two equal monthlv instalments. The method of reeoverv shall
bo that prescribed in sub-rule (iv). The total amount of interest shall be
rounded to the nearest whole rupee (eight annas counting as the next higher
rupee).
(vii) Recoveries shall be credited as they are made to the officer's accnvmt
in the Fund : the date of credit beinsr determined, for the purpose of calculating
interest, by the procedure prescribed in Rule fi (ii) above.
I nstjrance P olicies.
Optional Fuhscrihers.
8. Payments towards a policy of insurance of anv descri^tinp on the
•mbscriber's own life mav, at his option, be substituted for subscriptions to the
Fnnd, subject to the following conditions :—
(i) If the payments substituted be less than the minimum Kubscription
required by Rule 4 (ii) above, the deficiency shall be paid by the subscriber