§ 66. Mr. GODFREY LOCKER-LAMPSONasked whether the tables on reserve values and on contributions at different ages issued by the Insurance Commission were based on the same rates of average sickness as were assumed by Messrs. Hardy and Wyatt when the National Insurance Bill was before Parliament?
§ Mr. MASTERMANThe basis of the reserve values in respect of sickness as well as the other factors will be fully explained in a Report which I hope to lay on the Table of the House at an early date. I may say, however, that the basis, so far as sickness is concerned, is the same as that used by Messrs. Hardy and Wyatt, namely, the experience of the Manchester Unity of Oddfellows, and that, although the adjustments made to those rates are somewhat different in form from those adopted by Messrs. Hardy and Wyatt, the ultimate results are in close agreement with those obtained by them.