§ 81. Mr. CROFTasked the Secretary to-the Treasury whether, if a man omits to join a society during this month and becomes a Post Office contributor, he can subsequently transfer to a society and receive a reserve value; and, if not, will he, if of the age of thirty, be required to pay more than 4d. a week by the average approved society?
§ Mr. MASTERMANThe answer to the first part of the question is in the affirmative. A person who has become a deposit contributor may transfer to an approved society, and that society will be entitled to claim the reserve value which would have been credited in respect of him if he had joined on his first becoming an insured person. Section 43 of the Act provides that in certain circumstances a deposit contributor, whose account has already been drawn upon, may on joining a society be treated as in arrear in respect of the value of his previous contributions (or some part of them). This, however, may be practically neglected in the case of those who join a society within a few 2199W months. Delay in joining an approved society now, of course, involves the risk of rejection at a later date, but deposits contributors who transfer at once, while still in good health, will pay, and receive, the same as other employed contributors.