§ 43. Mr. RHYS DAVIESasked the Chancellor of the Exchequer whether it 1474 is proposed to adopt the suggestion contained in the Geddes Committee Report that the cost of auditing the accounts of approved societies should be borne out of the administrative expenses of those societies?
Mr. YOUNGIn view of the very heavy burden which will have to be transferred from the Exchequer to the funds of approved societies in order to secure the saving recommended in the First Report of the Committee on National Expenditure, I am afraid it will not be practicable to recover the cost of audit from insurance funds as suggested in the Third Report of the Committee.