§ Mr. Litterickasked the Secretary of State for Social Services if he will publish in the Official Report a detailed analysis of the re-evaluation of the assets held by the National Insurance Fund which resulted in the reduction of their value by £600 million between 31st March and 1st April 1975.
§ Mr. OrmeThe assets revalued were those securities held in the National Reserve Fund and the Industrial Injuries Fund at 31st March 1975, details of which, together with their cost prices and market values at that date, are to be found in the National Insurance Funds' Accounts 1974–75 (HC 245, 1975–76).
The market value of the securities shown in the Accounts 1974–75 included accrued interest amounting to £18 million which was brought into the 1975–76 Accounts as receipts.