53. Mr. WORTHINGTON-EVANSasked whether the reserves necessary to give medical benefit to insured persons over the age of seventy are being accumulated; and, if so, whether by the insurance committees or by the approved societies?
§ Mr. MASTERMANAs I stated in answer to the hon. Member on the 24th July, 1912, the actuarial calculations allow for the accumulation of the necessary reserve to provide medical benefit for surviving members of approved societies entitled to it after the age of seventy. The reserve is, therefore, being accumulated out of the ordinary contributions received by societies in respect of their insured members.
Mr. WORTHINGTON-EVANSWill the right hon Gentleman answer the question whether the reserves accumulated are in the hands of the Insurance Commissioners or in the hands of the approved societies?
§ Mr. MASTERMANPerhaps the hon. Gentleman will put a further question.
§ Mr. MASTERMANI regret it, but perhaps the hon. Gentleman will put a question down to-morrow.