§ 32. Captain GEE forasked the Minister of Labour the income and expenditure of the Unemployment Insurance Fund for the latest week for which the figures are available, and for each of the previous three weeks; and what is the present indebtedness of the fund?
§ Sir A. STEEL-MAITLANDThe average weekly revenue of the Unemployment. Fund for the past three months has been £938,000, as stated in my reply of the 6th May to the hon. Member for Nottingham East. This figure does not vary materially over short periods. The expenditure for the week ending 2nd May, 1925, was £992,000 and for the three preceding weeks £1,010,000, £925,000, and £1,023,000, respectively. This expenditure included about £30,000 weekly of nonrecurrent expenditure on refunds and compensation for future abolition of refunds. The debt on the 9th May, 1925, was £7,620,000
§ Sir A. STEEL-MAITLANDNo, Sir. It is the other way round
§ Sir A. STEEL-MAITLANDIf I deduct the £30,000 from £54,000, the answer is that in that week it was £24,000 to the bad, and similarly in corresponding weeks