§ Mr. ASTORasked how many Insurance Commissioners was it proposed to appoint under Clause 41 of the National Insurance Bill; would they receive a salary," and, if so, at what rate?
§ Mr. LLOYD GEORGEThe Insurance Commissioners will receive salaries. The number of Commissioners and the amount of their remuneration will be settled after the National Insurance Bill has been passed into law, after a careful consideration of the duties imposed upon them.
§ Mr. BOOTHHas any decision been come to with regard to the representation of these Insurance Commissioners in this House?
§ Mr. LLOYD GEORGEI think it is rather premature to arrive at any decision on that point. Subject to anything that may transpire they will be represented by the Treasury.
§ Mr. GODFREY LOCKER-LAMPSONasked the Chancellor of the Exchequer whether, having in view paragraph 20 of the Report of the Government actuaries, wherein it is indicated that, if a low death rate continue, their estimates may require the help of the element of lapse, the Government propose to modify Clause 10 in order that the Insurance Commissioners may apply part of the moneys coming into their hands in respect of lapsed members to the redemption of deficiencies arising from the prevalence of a low death rate?
§ Mr. LLOYD GEORGEUnder Clause 10 of the Bill no moneys will be placed at the disposal of the Insurance Commissioners. The saving due to the suspension of a member of any society from benefit on account of arrears of contributions in excess of 25 per cent., accrues to the advantage of his society, and this is the arrangement to which paragraph 20 of the actuaries' report has reference.