§ Viscount HELMSLEYasked the Chancellor of the Exchequer whether his proposed Amendment to Clause 25 of the Finance Bill, page 17, line 13, at end, differentiates between different types of friendly societies engaged in similar work; and on what grounds it is proposed to define a registered society in different terms to those previously employed in the Friendly Societies Acts?
Mr. DUNDAS WHITEasked the Chancellor of the Exchequer whether, in amending the postponed Clause 25 of the Finance Bill as regards registered societies, he will consider the advisability of treating as registered societies all societies which have been registered as friendly societies under the Friendly Societies Acts, independently of whether they are or are not restricted by their rules from dividing any part of their funds amongst their members?
§ Mr. HOBHOUSEThe proposed Amendment differentiates between societies which are, and those which are not, restricted by their rules from dividing any part of their funds among their members. This difference between dividing and non-dividing societies is recognised in the Friendly Societies Acts. The purpose of, the Finance Bill of course differs from that of the Friendly Societies Acts, and the question whether dividing societies can properly be given the same favourable treatment as non-dividing societies is receiving consideration.
§ Lord ROBERT CECILOn what financial grounds do you propose to differentiate between dividing and non-dividing societies?
§ Mr. HOBHOUSEI think it pretty clear that there is a difference between the genuine society which exists for the purpose of promoting habits of thrift and the 1087 kind of society which is known as a slate club, which has very different aims and objects in view, and I think that a proper distinction has been made, whether for financial reasons or for social ones.
§ Viscount HELMSLEYDoes the right hon. Gentleman suggest that all the dividing societies are slate clubs?
§ Mr. HOBHOUSENo, I do not think so. I did not say so.
§ Mr. A. LUPTONIs the right hon. Gentleman aware that there are upwards of a million members of these societies who will be excluded by the Finance Bill?
§ Mr. HOBHOUSEThat is a question of which I should have notice.
§ Mr. H. J. WILSON (Yorks., W.R., Holmfirth)As the matter just referred to is exciting a considerable amount of interest, would the right hon. Gentleman arrange to have his reply circulated to Members generally?
§ Mr. HOBHOUSEI shall be very glad to circulate it with the Votes.