HC Deb 31 July 1911 vol 29 c17
Mr. NEWMAN

asked the Chancellor of the Exchequer whether he has under his consideration the desirability of carrying to an independent account the moneys to be contributed by employer and employés in Ireland under the National Insurance Bill in. order that it may be ascertained what relation the contribution of both parties will bear to the benefits granted?

Mr. HOBHOUSE

The means suggested by the hon. Member would not attain the end which he desires, since the account would only show the actual receipts from contributions and the issues to the societies for the payment of benefits within the year. The relation of the contributions to the minimum benefits will be more clearly shown at the periodical valuations by the surpluses available for additional benefits or the deficiencies to be made up in the Irish societies or branches of societies as the case may be.

Mr. NEWMAN

May I ask whether all the contributions are to be pooled in Ireland?

Mr. HOBHOUSE

They are not to be pooled in Ireland except in the sense that they will be paid into the fund.