Mr. DUN DAS WHITEasked the hon. Member for Worcestershire (Bewdley Division) what is the rate of interest now being paid by the Insurance Commissioners on the accumulated funds of approved societies that have been in their hands since before the War; and whether, in view of the rise in the rate of interest and the effects of the War on the funds of these societies, the Treasury will authorise the Insurance Commissioners to pay the current rate of interest on these funds?
§ Mr. BALDWINThe rate of interest prescribed by the National Health Insurance Joint Committee, with the approval of the Treasury, on sums transferred to the Insurance Commissioner's Investment Account is 3¼ per cent. The question is at present under consideration by the Joint Committee.