§ 17. Mr. Awberyasked the Secretary of State for the Colonies with regard to the Employees' Provident Fund which came into operation in the Federation of Malaya on 1st July, if he will state the contributions paid and the benefits to be received; and what sections of workers were excluded.
§ Mr. LytteltonEmployees' contributions average about 5 per cent. of wages; the employer pays an equal amount. All contributions, with accrued interest, can be withdrawn as a lump sum at the age of 55 or in other specified circumstances. Workers covered by approved schemes, or earning more than $400 or less than $10 a month, or employed in very small concerns, are excluded.
§ Mr. AwberyMay I ask the Minister if he will publish in the OFFICIAL REPORT the main points of the scheme now put into operation, and, if he cannot do that, will he have some copies placed in the Library, in order that hon. Members may examine it and compare it with schemes in operation in this country?
§ Mr. LytteltonI am afraid the comparison will not be very fruitful, because this is a special kind of scheme, but, if the hon. Member wishes, I will circulate some details in the OFFICIAL REPORT.
§ Mr. AwberyI am much obliged to the right hon. Gentleman.