Mr. POINTERasked the Secretary to the Treasury whether the offer made to the agents and collectors of the Prudential Insurance Company to pay them 1s. per member per annum out of the 3s. 8d. allowed to the company for management expenses has been confirmed by the Insurance Commissioners; and whether he will state what period must elapse before this provisional arrangement will be superseded by terms fixed by the members of the approved society which is or will be formed for the purpose of working the Act?
§ Mr. MASTERMANThe Commission have no authority to settle what remuneration should be paid by an approved society to persons in the employment of1418W the society. Any such arrangement is a matter to be determined by the society itself, subject to the auditor's decision, in the case of any payment, that it is one proper to be made out of the administrative account and to the limits imposed by the Commissioners Regulations on the amount which may be carried to that account out of contributions.