§ 21. Mr. G. LOCKER-LAMPSONasked the Secretary to the Treasury whether the actuarial expectation of claims in several women's approved societies is. being exceeded; whether, as a consequence, deficiencies are probable after the first valuation; and whether this will entail a reduction of benefits or levies in such societies, or whether the Government propose to come to the assistance of those societies?
Mr. BENNIt is impossible to say, in the case of women members of approved societies, whether the actuarial expectation has been exceeded until the age distribution and the condition of the members as to marriage has been ascertained, and also until the accounts of the societies have, been made up so as to show their actual experience for at least the first year of benefits. Information on the first head is now being forwarded by the societies to the offices of the Commissions in connection with the crediting of reserve values. Full information on the second head will not be available until the accounts of the societies have been audited. Meanwhile, the Departmental Committee, as the hon. Member is aware, is inquiring into the allegations that excessive claims are being made in respect of women's as well as men's societies.
§ Mr. HARRY LAWSONWhen will the accounts be audited?