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(1) The Admiralty may on the application of the pensioner, in their discretion and on such terms and subject to such conditions as with the approval of the Treasury they may prescribe, commute, by the payment of a capital sum of money, any Admiralty pension payable to a seaman or marine as defined for the purposes of the Naval and Marine Pay and Pensions Act, 1865.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
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(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
(2) During such time as any person whose Admiralty pension has been forfeited, whether under the Forfeiture Act, 1870, or otherwise, is undergoing imprisonment, the Admiralty may in their discretion pay or apply any part of the pension which may be restored, under the foregoing provision or otherwise, to or for the benefit of the wife,civil partner, children, or other dependents of that person.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 
In this Act the expression “Admiralty pension” means any pension awarded and administered by the Admiralty in pursuance of any Order in Council obtained under the Naval and Marine Pay and Pensions Act, 1865, or under the Greenwich Hospital Acts, 1865 to 1898, and, in relation to officers, retired pay.
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This Act may be cited as the Admiralty Pensions Act, 1921.