§ Sir H. CARLILEasked whether assurance and other companies who may establish branches, as approved societies under the National Insurance Bill, will be permitted to give benefits not provided by the Bill from their outside accumulated funds, in order to use them as decoys for the purpose of obtaining members from friendly societies and trade unions who are prevented by Clause 55 from giving like benefits?
Mr. McKINNON WOODNo profit can be made out of a branch established as an approved society, and companies will have no inducement to spend money in the manner suggested, from which they can get no adequate return.