§ 3. Captain PETER MACDONALDasked the Minister of Labour what is the present indebtedness of the Unemployment Insurance Fund; what amount of the authorised borrowing is unexhausted; and whether it is proposed to ask for authorisation for further borrowing without revising the existing scheme of unemployment insurance?
§ Miss BONDFIELDThe indebtedness of the Unemployment Fund on 25th October, 1930, was £53,220,000. The unexhausted amount of authorised borrowing on that date was therefore £6,780,000. As regards the last part of the question, I must ask the hon. and gallant Member to await the introduction of the Bill which I will table in due course.
§ Sir A. POWNALLAt the present rate of unemployment, how soon will the £60,000,000 figure be reached?
§ 4. Captain MACDONALDasked the Minister of Labour whether she can state the decisions which have been come to by the three-party committee on unemployment insurance; and, if not, when she will be in a position to do so?
§ Miss BONDFIELDThe proceedings of this Committee are confidential.
§ Captain MACDONALDIs there to be an agreed report?
§ Miss BONDFIELDNo.
§ Captain MACDONALDIs this Committee still sitting?
§ Miss BONDFIELDYes.