Admiralty, August 1- Parliament having granted money for the purpose of covering the expense of providing retirement to three hundred captains of the Royal Navy, who shall be above the age of fifty-five, or in some instances above the age of fifty, on the following principle, viz:-

Those captains who shall be at present, or who shall come in turn to be, on the half-pay list of 14s. 6d. a day, and shall be above the aforesaid ages, may be placed on the retired list at �1 a day, with the designation of rear admiral, and their widows to be entitled to pensions of �120 a-year.

Those captains who shall be at present, or when they would come in turn to be, on the half-pay list of 12s. 6d. a day, may be placed on the retired list at 18s. a-day, to be increased to �1 a day, and to have the advantages of the preceding clause when they would have come in turn to receive the 14s. 6d. on the effective list; and should they die while on the 18s list, their widows to be entitled to �110 a-year.

Those captains who shall be now on the half pay list of 10s. 6d. a day may be placed on the retired list at 16s. a day, to be increased to the foregoing scales and advantages as they would have respectively come in turn to have received the higher rates of half-pay aforesaid on the effective list; and in the event of their death while on the 18s. list, their widows to be also entitled to �110 a-year.

My Lords Commissioners of the Admiralty deem it right to give this public notice hereof, and to direct such captains as shall be desirous. of being placed on the retired list on the terms stated to send in their names, specifying their, respective ages to me, for their lordships' information, prior to the 1st or October next, on which day the increased rates of pay will commence, should a sufficient number prove to be desirous of availing themselves of this offer.

Those officers who possess good-service pensions, and who decide on accepting the retirement, will be allowed to retain such pension until they would have come in turn to be placed on the flag officers' list, had they continued on the effective list.

Such captains as maybe out of Europe, on service or otherwise, and who may be desirous of accepting this retirement, will not be excluded in consequence of not sending their application prior to the 1st of October next. W. A. B. Hamilton.

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