§ Mr. RHYS DAVIESasked the Minister of Health the amounts available for investment by all approved societies for each of the last 10 years?
§ Mr. GREENWOODThe approximate amounts available for investment by approved societies in England and Wales for each of the 10 years from 1919 to 1928 are given in the appended statement. The amounts available for investment for a given year are roughly the equivalent of the amount invested (including sums 1185W carried to the National Health Insurance Fund Investment Account) in the next succeeding year, but the amounts shown in the statement for some years include certain sums in respect of interest on and redemption of reserve values referable to earlier years. For the years 1926, 1927 and 1928 the expenditure of approved societies was affected by the increased additional benefits made available from surpluses disclosed as the result of the Second Valuation; the sums required to meet the cost of additional benefits, instead of being drawn from accumulated funds, were, to the extent of upwards of £6,000,000 per annum, drawn from current income, and reduced pro tanto the amounts available for investment.
£ 1919 8,400,000 1920 5,500,000 1921 6,600,000 1922 6,100,000 1923 8,600,000
Month. Year 1928. Year 1929. Year 1930. Non-Parlour Houses. Parlour Houses. Non-Parlour Houses. Parlour Houses. Non-Parlour Houses. Parlour Houses. £ £ £ £ £ £ January … … … 389 437 341 422 321 434 February … … … 356 430 344 393 — — March … … … 365 445 336 420 — — April … … … 378 431 348 401 — — May … … … 372 445 344 406 — — June … … … 356 426 355 404 — — July … … … 366 434 337 377 — — August … … … 349 417 348 409 — — September … … … 365 429 347 423 — — October … … … 369 427 344 419 — — November … … … 354 417 341 427 — — December … … … 338 429 370 404 — —