HC Deb 25 February 1914 vol 58 cc1756-7
55. Mr. NEWMAN

asked the Chancellor of the Exchequer whether any moneys representing contributions paid under the National Insurance Act, and at the disposal of the Insurance Commission, have been, or will be, handed over to the National Debt Commissioners to finance the Irish Land Purchase Acts, 1903 and 1909; and, if not, will he state to what use they are being applied or how they are invested, and what is their total amount?


The sums paid over to the National Debt Commissioners under the National Insurance Act are invested in securities authorised by Parliament as investments for Savings Banks Funds. These investments include advances for Irish land purchase. Full details of the amounts so invested will be shown in the Statutory Annual Return of the investments made, which will be laid at an early date.