§ Mr. Whitakerasked the Secretary of State for Social Services how much of National Insurance pensions or other welfare funds are invested in Government stock; what has been the annual increase or decrease in the value of this investment recently; and what is his estimate of the value of such investment on the basis of an equivalent period in average equities.
§ Mr. EnnalsRecent figures for the investments of the National Insurance188W Funds, including the Industrial Injuries Fund, are as follows:
£ million Date cost of investments Market value of investments 31st March, 1967 1,684 1,382 31st March, 1968 1,609 1,207 31st March, 1969 1,435 972 On the last part of the Question, the transfer of these funds to equities would have had such wide implications for economic and monetary management as to render any such comparison valueless.