§ 63. Lieut.-Colonel FREMANTLE (for Sir A. POWNALL)asked the Minister of Labour when the £60,000,000 to which it is proposed the borrowing power of the Unemployment Insurance Fund should be raised would be exhausted should the number in the live register average 2,100,000 and 2,300,000?
§ Mr. LAWSONIt is estimated that the proposed limit of borrowing power (£60,000,000) would be exhausted by the end of December, 1930, if the average 2140 live register from the present time is 2,100,000 and by the end of November if the average is 2,300,000. The dates are given under reserve, because there is necessarily some uncertainty as to the number, out of these totals, who would be receiving transitional benefit.
§ Lieut.-Colonel FREMANTLEDoes the Minister of Labour consider that there will be time to borrow another £10,000,000 should there be a further increase before the beginning of the new Session?
§ Mr. LAWSONI think so, but I am sure the hon. and gallant Gentleman would willingly come back sooner, if necessary.