§ 18. Mr. W. J. Brownasked the Secretary of State for the Home Department if he can make a statement about the financial position of the Metropolitan Police Provident Association.
§ Mr. EdeThe Metropolitan Police Provident Association, like all similar associations, has to have periodical actuarial valuations to determine the state of its finances. The present association was formed in 1935, and the first of these valuations, which has been delayed by the war, is now in progress. The result of the valuation will not be known for some months, and, while there is no cause for alarm, there can be little doubt that it will prove to reflect war-time conditions by way of increased mortality and high rate of Income Tax. In the meantime, the question whether the association should be afforded the advantages to be gained by bringing it under the Friendly Societies Acts is being explored in consultation with representatives of the Metropolitan Branch Boards of the Police Federation. No action which may be taken will affect the benefits guaranteed to the older men who belonged to the association when it was reorganised in 1935.