Major HENDERSONasked whether the Commissioners of the National Insurance Act can authorise the use of a quarterly stamp for the payment of their own and their employés' contributions in lieu of 1448W the existing system of weekly stamping of cards?
§ Mr. MASTERMANArrangements are now being made for the supply of quarterly stamps. Under the National Insurance Act, however, it is necessary that in every case the contributions in respect of any week shall be paid not later than the time at which the wages in respect of that period are paid. Employers who pay weekly wages but desire to use quarterly stamps, must therefore adopt the special arrangements at present open to large employers for quarterly stamping with a preliminary deposit or, when those arrangements are not applicable, or have not been adopted, must stamp the cards at the beginning, not the end, of each quarter. Instructions, including the necessary safeguards in the use of these high value stamps, will be issued at an early date.