§ Until the first day of January nineteen hundred and fifteen, the following provisions shall apply in the case of insured persons (in this Act referred to as deposit contributors) who have not joined an approved society within the prescribed time, or who, having been members of an approved society, have been expelled or have resigned therefrom and have not joined another approved society:—
- (a) Contributions by or in respect of a deposit contributor shall be credited to a special fund to be called the Post Office fund:
- (b) The sums required for the payment of any sickness, disablement, or maternity benefit payable to a deposit contributor, except so far as they are payable out of moneys provided by Parliament, shall be paid out of the money standing to his credit in the Post Office fund, and his right to benefits under this Part of this Act shall be suspended on the sums standing to his credit in that fund being exhausted, except that his right to medical benefit and sanatorium benefit shall continue until the expiration of the then current year, and that the local health committee, if it has funds available for the purpose and thinks fit so to do, may allow him to continue to receive medical benefit or sanatorium benefit or both such benefits after the expiration of such year:
- (c) Such sum as may be prescribed shall in each year be payable in respect of each deposit contributor towards the expenses incurred by the local health committee in the administration of benefits:
- (d) Such sum as the local health committee may, with the consent of the Insurance Commissioners, determine shall in each year be payable in respect of each deposit contributor for the purposes of the cost of medical benefit:
- (e) The sums payable in respect of a deposit contributor for the purposes of medical benefit and sanatorium benefit, and towards the expenses of administration, shall, except so far as they are payable out of moneys provided by Parliament, be deducted at the commencement of each year from the amount standing to his credit in the Post Office fund:
- (f) The amount standing in the Post Office fund to the credit of any deposit contributor shall, upon his dying, be forfeited.
§ Amendments made: In Sub-section (7), after the word "not" ["have not joined another"], insert the words "within the prescribed time."
§ At the end of Sub-section (7), paragraph (e), insert the words "and if at the commencement of any year the amount so standing to his credit is insufficient to provide such sums he shall not, unless the local health committee consents, and except subject to such conditions as that committee may impose, be entitled to any benefits during that year."
§ At the beginning of paragraph (b) insert the words, "Upon the death of a deposit contributor four-sevenths (or in the case of a woman one-half) of."
§ In paragraph (e) after the word "standing" ["The amount standing"], insert the words "to his credit."
§ In paragraph (f) leave out the words "to the credit of any deposit contributor shall, upon his dying," and insert instead thereof the words "shall be paid to his nominee or, in default of a nomination, to the person entitled to receive the sum as if it were money payable on the death of a member of a registered friendly society, and the balance thereof shall."—[Mr. Lloyd George.]