§ Mr. WARDLE
asked the President of the Board of Trade whether his attention has been drawn to the deficiencies in the Caledonian Railway and North British Railway Superannuation Funds due to pensions being granted on the average salary basis of the last seven years; and what steps he proposes to take to put into force the recommendations of the Departmental Committee which recently inquired into these funds?
I understand that the Superannuation Funds of the two com- 2453 panies in question have shown deficiencies on actuarial valuation, and the North British Railway Company are dealing with their fund in a Provisional Order under the Private Legislation Procedure (Scotland) Act, 1899. The Caledonian Company are also, I believe, taking some steps with regard to their fund. The report of the Departmental Committee on Railway Companies Superannuation Funds was very carefully considered, and we have drawn the attention of all companies possessing superannuation or pension funds to its recommendations.
§ Mr. WARDLE
asked the President of the Board of Trade whether his attention had been called to the Great Northern Railway' Company's superannuation fund actuarial report; and what steps he proposes to take with regard to the circulation of this report, and also with the constitution and management of the fund as recommended by the Departmental Committee which recently inquired into these funds?
I am communicating with the railway company in this matter, and will inform my hon. Friend of the result.