- (1) Prom on and after the third day of July, nineteen hundred and twenty-one, the contributions payable under the principal Act in respect of employed persons by those persons and their employers shall be at the rates set out in the First Schedule to this Act instead of at the rates specified in Part I of the Third Schedule to the principal Act, and the contribution to be made out of moneys provided by Parliament shall, instead of being a contribution at the rates specified in Part II of the Third Schedule to the principal Act, be at a rate equal to one-fourth of the aggregate amount of the contributions paid in respect of the employed person by himself and his employer, and Sub-sections (3) and (7) of Section five of the principal Act shall have effect accordingly.
- (2) For the purpose of determining the amount of unemployment benefit to which any person is entitled at any time after the second day of July, nineteen hundred and twenty-two, no account shall be taken of any benefit which may have been received by that person at any time in respect of the period between the commencement of the principal Act and before the third day of July, nineteen hundred and twenty-two, and there shall be deemed to have been paid previously to that date in the case of every person who is an insured contributor at that date, twenty-five contributions in addition to the contributions actually paid in respect of him:
§ Lords Amendments:
§ In Sub-section (1) leave out the word "on" ["from on and after the third day of July"].
§
In Sub-section (2), after the word "which" ["which any person is entitled at any time"], insert
having regard to the proportion of benefit to contributions fixed by paragraph 3 of the Second Schedule to the principal Act.
§ Leave out the words "commencement of the principal Act and before," and insert "the seventh day of November, nineteen hundred and twenty, and."
§ Agreed to.