HC Deb 01 November 1913 vol 43 c719W

asked the Chancellor of the Exchequer whether, in the event of insured persons who have filled in the declaration to become deposit contributors transferring to an approved society before the commencement of the benefits in January next, the reserve or transfer value of such insured persons will be credited to the approved society to which they transfer?


Yes, Sir. In such cases the society will be credited with the appropriate reserve value and with the value of the contributions paid before transference, calculated in accordance with Section 43 of the Act.