§ Mr. MALCOLMasked whether an approved society will have to give a surrender value on behalf of every insured person belonging to a non-approved society affiliated to the said approved society?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. McKinnon Wood)An insured person who does not belong to an approved society would be a deposit contributor. Clause 25, providing for the payment of transfer values, applies only to members of approved societies.