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Updated: May 7, 2025
By the same act also, life-pensions of £4000 per annum were secured to retiring holders of the seal, and it was provided that after fifteen years of service, or in case of incurable infirmity, the Chief Justice of the King's Bench could claim, on retirement, £3000 per annum, the Master of the Rolls, Chief of Common Pleas, and Chief Baron £2500 per annum, and each minor judge of those courts or Baron of the coif, £2000 a year.
In 1873, an Imperial decree announced that the treasury was ready to commute the samurai's incomes on the basis of six-years' purchase in the place of hereditary pensions and four years for life-pensions, half of the money to be paid in cash and the remainder in bonds carrying eight per cent, interest. This measure was in no sense compulsory; the samurai were free to accept or reject it.
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