§ Mr. GOLDMANasked whether the right hon. Gentleman would favour an Amendment to the Insurance Bill which would provide that in the case of any deposit contributor who has the equivalent of 500 contributions to his credit such balance shall be convertible at his discretion, or otherwise, into benefits for his dependents; and, if so, whether he would introduce on Report an Amendment to this effect?
§ Mr. LLOYD GEORGEThe provisions as to the deposit insurance as set out in Clause 39 of the Bill are limited to a period expiring on the 1st January, 1915; so that before 500 contributions have been paid Parliament will have an opportunity of reconsidering the question.
§ Mr. GOLDMANIn view of the Amendment, which the Chancellor of the Exchequer himself proposes to move to provide that, on the death of a deposit contributor, any surplus standing to his credit shall be payable to his dependents, will he consider the advisability of extending that provision to include that where a deposit contributor has a given balance to his credit, he shall be entitled to transfer part or the whole of such accumulation during life to his dependents?
§ Mr. LLOYD GEORGEI will consider the suggestion of the hon. Member.