§ Mr. SWANasked the Lord Privy Seal whether, in view of the statement by the Treasury that there is no power to invest the £20,000,000 belonging to the Unemployed Insurance Fund in housing bonds issued by local authorities, the Government will seek the necessary power by means of a Bill?
§ Mr. BALDWINThe answer is in the negative. It is important to keep this fund in a form in which it can be easily realised. At present it is invested in Government securities.