§ Mr. GOLDMANasked whether the concessions already made by him and those to be embodied in Amendments he has promised will prolong the period of fifteen-and-a-half years stated in the Government actuaries' Report to be the period required to accumulate the reserve values with compound interest?
Mr. McKINNON WOODThe reply is in the affirmative, but I am not at present in a position to give an exact estimate of the extent of the prolongation.
§ Mr. GOLDMANAre we to understand that the grant of additional benefits under Clause 8 will be deferred until the liability resulting from these additional concessions have been wiped off?
Mr. McKINNON WOODCertainly it will affect the period at which the additional benefits will be paid.