§ Mr. A. V. ALEXANDERI beg to move, in page 7, to leave out from the word "that," in line 15, to the word "with," in line 19, and to insert instead thereof the words:
the rules of a fund may provide for the deposit of such moneys with a bank, and may also provide for their deposit.I understand that this Amendment is agreed to.
§ Amendment agreed to.
§ Further Amendment made: In page 7, to leave out from the word "established," in line 22, to the end of line 23, and to insert instead thereof the words:
§ "in the following cases, that is to say—
- (a) where the rules so provided before the ninth day of November, nineteen hundred and twenty-seven;
- (b) where the deposit of such moneys is authorised subject to the conditions that every employer with whom such moneys are deposited must be a body corporate having during each of the ten years last past before the date of any deposit paid a dividend or interest at a rate of not less than 3 per cent. on its ordinary shares, and that every such deposit must be secured by a charge on the whole or part of the assets of the undertaking carried on by such employer."—[Mr. A. V. Alexander.]
§ Schedule, as amended, agreed to.
§ Bill reported; as amended, considered; read the Third time, and passed, with Amendments.