HC Deb 05 July 1911 vol 27 c1297W
Mr. RUPERT GWYNNE

asked the Chancellor of the Exchequer whether under the National Insurance Bill, Holloway societies, which are actuarily solvent and number over 10,000 members, and are therefore qualified to become approved societies, will in. the future be allowed, under a re-arranged scheme, to share out their surplus funds among their members, or whether all societies will in the future have to form superannuation funds?

Mr. LLOYD GEORGE

The surplus funds realised from the contributions under the National Health Insurance will of course have to be applied to the additional benefit prescribed by the Bill, but the Holloway societies will be free to deal with all funds contributed outside the National Scheme on precisely the same basis as at present.