§ Mr. HARNEYasked the Minister of Health what amounts of money in the reserve suspense fund have each year since 1918 been transferred to the reserve values (apportionment) account for redeeming reserve values standing to the credit of individual approved societies?
Mr. CHAMBERLAINThe transfers to be made from the reserve suspense fund to the reserve values (apportionment) account will not be carried through until the alterations of membership in respect of the valuation period 1919 to 1923 have been completed. The total cash sum which up to 31st December, 1923, will be applied to the redemption of reserve values standing to the credit of individual approved societies in England and Wales is approximately £2,800,000. In addition to the cash redemption of reserve values, the total liability in respect of reserve values in England and Wales up to 31st December, 1923, will have been reduced by about £7,000,000 by the operation of the reserve suspense fund.