Abstract: Variability of the output of a pump is achieved in a power efficient manner by forcing fluid through a check valve while intermittently shunting the pump's output side to is input side. A diverter valve is employed for this purpose wherein a perforated valve cylinder is rotated within a perforated sleeve. By controlling the axial position of the valve cylinder, the amount of overlap of the two component's perforations is variable and thereby serves to control the delivered output.