§ 14. Mr. W. R. SMITHasked the Minister of Labour whether he is aware 1228 that the National Health Insurance Commissioners have refused sanction to the National Union of Boot and Shoe Operatives' approved section to invest moneys in the Co-operative Wholesale Society development bonds on the ground that investments can only be made in trustee or corporation stock; and whether, in view of the provisions of Sub-section (2) of Section 56 of the Act, which empowers the investment of moneys in any securities for the time being approved by the Commissioners, he will have the decision re-considered?
§ The MINISTER of HEALTH (Dr. Addison)My right hon. Friend has asked me to reply to this question. The general decision of the Insurance Commissioners referred to by the hon. Member, followed the recommendations of the Investments Advisory Committee contained in their report of May, 1914 (Cd. paper 7,498 of 1914). In view of the present range of trustee securities I see no reason for reconsidering that decision.