§ (1) If any person who is over the age of sixty-five and under the age of seventy at the commencement of this Act is employed within the meaning of this Part of this Act, the like contributions shall, until he reaches the age of seventy, be payable by his employer in respect of him as in the case of employed contributors, and the provisions of this Part of this Act relating to the payments of contributions and the recovery thereof shall apply accordingly.
§ (2) For every weekly contribution made by or in respect of such a man there shall be contributed out of moneys provided by Parliament the sum of two pence.
§ (3) If such a person becomes a member of an approved society for the purposes of this Section all contributions payable in respect of him under this Section (including contributions out of moneys provided by Parliament) shall be credited to the society, and he shall become entitled to such benefits as the society may determine, but no reserve value shall be credited to the society in respect of him and no part of the contributions payable in respect of him shall be retained by the Insurance Commissioners towards the discharge of their liabilities in respect of reserve values.
§ (4) If such a person does not become a member of an approved society as aforesaid he shall become a deposit contributor, and accordingly all contributions payable in respect of him (including contributions out of moneys provided by Parliament) shall be carried to his credit in the Post 735 Office fund, but the benefits to which he becomes entitled shall be such as may be determined by the local health committee.
§ (5) No part of the cost of benefits under this Section shall be payable out of moneys provided by Parliament.
§ Amendments made: In Sub-section (1), leave out the word "over" ["if any person who is over sixty-five"], and insert the word "of."
§ After the words "sixty-five," insert the word "upwards."
§ Leave out the word "reaches" and insert instead thereof the word "attains."
§ In Sub-section (2), leave out the word "man" ["in respect of such a man"], and insert instead thereof the word "person."—[Mr. Lloyd George.]