§ 5. Sir A. STEEL-MAITLANDasked the Minister of Labour the amount of the debt upon the Unemployment Fund
§ this connection it should be observed that the British statistics of persons registered at Employment Exchanges include uninsured persons who register for employment, as well as insured persons.
§ at the latest date available; the figure of the live register at which, approximately, the income and expenditure of the fund balance; and the average cost 1449 per week of every 10,000 persons upon the register?
§ Miss BONDFIELDThe debt of the Unemployment Fund on the 24th May, 1930, was £41,870,000. The average cost per week of 10,000 persons on the register is about £9,700. The live register balancing point was estimated at 1,240,000 in March on the basis of the information then available. This figure, however, is dependent on the number of persons drawing transitional benefit, the cost of which is borne by the Exchequer, and sufficient data are not yet available to enable me to say what the true figure should be.
§ Lieut.-Colonel Sir A. LAMBERT WARDWill a Supplementary Estimate of any kind be necessary in the future?
§ Miss BONDFIELDNot at present, but of course I want to increase the amount as soon as I am able.
§ 16. Mr. GRAHAM WHITEasked the Minister of Labour the present rate of interest charged on the debt of the Unemployment Insurance Fund?
§ Miss BONDFIELDThe average rate of interest charged on the debt of the Unemployment Fund is about 4.9 per cent. On sums borrowed during the present month the rate is 4¾ per cent.