HC Deb 15 May 1912 vol 38 cc1121-2
Mr. GINNELL

asked the names of the persons accountable for what is called Ireland's Life Assurance Society; the number of persons they have induced to insure with them; their approximate income in premiums; and whether the cost of administration consumes all this money?

Mr. MASTERMAN

I am informed that the present trustees of the society are Dr. Sheppard, J.P., Mr. Valentine Hackett Demery, and Mr. Henry Joseph O'Byrne, and the annual return for 1910 was signed by Mr. W. H. Sanderson as the treasurer and Mr. C. H. Woodhead as the secretary of the society. According to the same return the number of benefit members on 31st December, 1910, was 1,601; the premium income was for sums at death £26 6s. 6d.; and for endowments £l,297 5s. 5d. The cost of administration in the annual return, called expenditure of management fund account, was £1,031 12s. 2d. The annual return for 1911 has to be furnished to the Assistant Registrar of Friendly Societies for Ireland by the end of this month, but has not yet been received.

Mr. GINNELL

Is the hon. Member aware of the existence of any money whatsoever as security for people insured in this society?

Mr. MASTERMAN

No; the only facts I am aware of at the moment are those I read out in answer to the question on the Paper.