§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing for each of the past 10 years the amount of money being invested through friendly societies and the amount of such money being put into single or front-loaded premiums.
§ Mr. Hayhoe
The total annual premium and contribution income of registered friendly societies, excluding orders and branches, in each of the past 10 years for which statistics are available is as follows:
Year £000's Year £000's 1972 88,698 1977 126,163 1973 94,724 1978 139,320 1974 104,550 1979 167,784 1975 112,782 1980 197,835 1976 118,113 1981 227,560
Note: These figures are derived from the annual returns submitted by friendly societies to the Chief Registrar of Friendly Societies.
Aggregate figures for single premium contracts and for contracts in which a higher proportion of management expenses are charged against the first year's premium are not readily available and could be obtained only at disproportionate cost.