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1
435
Her Majesty's Mails
·
William Lewins
238
Further,
there
is
no
doubt
but
that
Mr.
Gladstone's
Bill,
if
passed
through
Parliament,
"to
amend
the
law
relating
to
Government
Annuities,"
will
have
a
most
important
effect
upon
the
Post-Office
institution.[138]
It
is
true
that
under
the
Savings'
Bank
Act
any
person
may
purchase
a
deferred
annuity
through
the
Post-Office,
only
the
clause
making
it
necessary
to
pay
the
purchase-money
in
one
sum
has
a
direct
deterrent
effect
upon
the
measure.
The
provisions
of
the
new
Bill,
on
the
contrary,
allow
the
purchase-money
to
be
paid
in
even
weekly
instalments.
Equally
important
is
the
second
part
of
the
Bill,
which
empowers
the
Government
to
assure
a
person's
life
for
100l.
It
is
proposed
to
draft
all
this
extra
business
on
to
the
Post-Office
establishment,
and
no
interest,
except
the
insurance
company
interest,
is
likely
to
say
nay.
Until
assurance
or
other
companies
can
appoint
agents,
and
open
out
offices
in
every
town
and
village,
the
Government
is
likely
to
have
a
monopoly
of
any
business
it
chooses
to
undertake.
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