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1. The amount of the lump sum is such amount, not exceeding the permitted amount, as may be agreed between the Board and—
(a)a surviving parent or the child’s guardian; or
(b)if he has neither, the child himself.
2. The permitted amount is the capitalised value of the amount commuted under rule 3 of Part 5, calculated in accordance with tables prepared from time to time by the Government Actuary.
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