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Instituted 1892 to reward the "long and meritorious services of Officers of proved capacity in Our Volunteer Forces in Great Britain" and extended in 1894 to the colonies. The qualifying period was 20 years commissioned service, with any service in the ranks counting at half the rate.
A nice example in its original (somewhat worn - locking mechanism is fixed open) Garrard's case of issue. Hallmarks date to 1893.
