§ Mr. REMNANTalso asked whether the expenses of auditing the accounts of approved societies will be paid out of the moneys provided by Parliament, or from the proportion of the contributions reserved for management expenses; whether an approved society will be allowed to select an auditor from a panel or list prepared by the Insurance Commissioners, or if it will have to submit its books to audit by an auditor appointed by the Commissioners; and whether such audit will be conducted at the society's registered offices where the books are kept?
§ Mr. LLOYD GEORGEThe answer to the first question is that the expense will be borne by the State; as regards the second question, the Society will have to submit its books to an auditor appointed by the State; the last question is on a point of detail with which it will be for the Insurance Commissioners to deal.