§ 36. Mr. FELL
asked if the approved societies will be allowed to invest their share of the funds under the National Insurance Act in investments which may prove difficult to realise, except at a loss, although such investments may be classed as trustee investments and have been the securities in which they have hitherto invested their funds?
§ Mr. MASTERMAN
The powers of approved societies in regard to the investment of funds paid over to them for investment under the National Insurance Act are defined by Section 56 (2) of the Act, from which it will be seen that the choice as between different trustee securities rests with the society.