HC Deb 22 June 1921 vol 143 cc1489-90

Resolution reported, That for the purposes of any Act of the present Session relating to insurance against unemployment it is expedient—

  1. (1) To authorise the payment, out of moneys provided by Parliament, of such an increased contribution towards 1490 unemployment, benefit, and any other payments to be made out of the unemployment fund as will become payable if the rates of contributions to be made by employers and employed persons are raised in the case of men to one shilling and three pence and in the case of women to one shilling and one penny per week, but not exceeding one-quarter of the aggregate amount of such contributions received in any year;
  2. (2) To authorise the Treasury to make, for the purpose of discharging the liabilities of the unemployment fund under the Unemployment Insurance Acts, 1920 and 1921, as amended by the said Act, advances out of the Consolidated Fund not exceeding at any time £20,000,000, and to borrow money for such advances by the issue of such securities as the Treasury think proper, the principal of, and interest on, any such securities to be charged on and payable out of the Consolidated Fund."

Resolution agreed to.