§ 30. Mr. MALLALIEUasked the Minister of Labour what would be the cost to the Insurance Fund of reducing the contributions of the employers, the workmen, and the State, respectively, to the amounts payable before 1931?
Mr. HUDSONWith the present rate of unemployment the cost to the Unemployment Fund of reducing the rates of contributions to these payable before October, 1931, would be approximately £16,000,000 made up as follows: Employers £4,250,000, employed persons £6,425,000, Exchequer £5,325,000.