§ 35. Mr. WRIGHTasked what sums, if any, have, in accordance with Sub-section (3), Section 54, of the National Insurance Act, 1911, been ascertained to stand in the National Health Insurance Fund to the credit of the several societies, of the Post Office Fund, and of the Navy and Army Insurance Fund, respectively, as available for investment; what portions of such sums, if any, have been respectively paid over to societies for investment, retained for investment on their behalf and for the discharge of their liabilities, and carried to the investment account; and what are the investments, if any, in which such sums available for investment have been invested by the National Debt Commissioners and the approved societies, respectively?
§ Mr. MASTERMANUntil the contribution cards for the first quarter have been received and dealt with by the Commissioners no sums can be placed to the credit of societies, and no amount can be determined to be available for investment. The remaining questions do not in the circumstances arise. The amounts received into the National Health Insurance Fund so far, and not required to meet current liabilities, have been paid over to the National Debt Commissioners for temporary investment, in accordance with Section 54 (3) of the Act. When the transactions of the year are completed an account will be presented to Parliament under Sub-section (6) of Section 54.