260 Provision for early retirement in lieu of compensation for loss of office

260  Provision for early retirement in lieu of compensation for loss of office

(1)     In order to facilitate the early retirement of certain persons who might otherwise suffer such loss of employment or loss or diminution of emoluments as is referred to in section 259(1) above, any person who—

(a)     is the holder of any such office or is in any such employment as may be prescribed for the purposes of this subsection, and

(b)     attains or has attained the age of fifty on or before 31st March 1974, and

(c)     fulfils such other conditions as may be prescribed,

may by notice given before the prescribed date and in the prescribed manner elect that this section shall, and that section 259 above shall not, apply to him.

(2)     Where any person has made an election under subsection (1) above, then unless, within the period of one month beginning

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