§ Mr. ALLEN PARKINSONasked the President of the Board of Trade what is the annual income derived from the Unemployment Insurance Fund of over £ 220,000,000; whether the average return of the securities enumerated in White Paper 105 is about 5 per cent.; and whether investment of these moneys in 6 per cent. Housing Bonds would increase 2209W the annual income of the Unemployment Insurance Fund by about £200,000, and at the same time provide money that is urgently needed for housing?
§ Mr. BALDWINThe annual income of the fund is at present approximately £1,014,000, which sum represents a return of rather over 5 per cent. on the money invested, leaving out of consideration any premium due on redemption of the securities held. There is no power to invest moneys belonging to the Fund in Housing Bonds issued by local authorities.