§ Mr. MACMILLANasked the Minister of Labour if he will publish a statement showing the total of the debt due by the Unemployment Insurance Fund to the Treasury, and showing the period of, and the rate of, interest for each separate advance which is outstanding?
§ Sir H. BETTERTONDetails of the debt of the Unemployment Fund outstanding on the 7th February, 1934, are as follow:
1319W
Amount. Date of expiration of period for which advances were made or renewed. Rate of Interest. £ Per cent. 830,000 February, 1934 4⅝ 1,480,000 March, 1934 4¾ 410,000 April, 1934 4⅞ 500,000 May, 1934 4¾ 90,000 July, 1934 4⅞ 350,000 August, 1934 5 1,180,000 September and October, 1934. 5⅛ 3,540,000 November, 1934, to February, 1935. 5 830,000 March, 1935 4⅞ 2,280,000 March and April, 1935. 4⅝ 10,630,000 May to September, 1935. 4¾ 2,830,000 October, 1935 4⅝ 15,490,000 November, 1935, to February, 1936. 4½ 10,420,000 March and April, 1936. 4⅝ 4,100,000 May, 1936 4½ 9,190,000 June and July, 1936 4⅜ 6,166,000 August, 1936 4⅝ 6,360,000 September, 1936 4¾ 8,420,000 September and October, 1936. 5⅛ 3,380,000 November, 1936 5 5,770 000 December, 1936, and January, 1937. 5¼ 2,060,000 February, 1937 5 1,718,000 March, 1937 4⅝ 2,540,000 March, 1937 4⅜ 1,156,000 May, 1937 4⅜ 730,000 June, 1937 3¾ 2,530,000 August, 1937, to March, 1938. 3⅝
Amount. Date of expiration of period for which advances were made or renewed. Rate of Interest. £ Per cent. 1,790,000 March to June, 1938 3½ 1,520,000 July to September, 1938. 3⅝ 710,000 September and October, 1938. 3½ £109,000,000 Each item of debt was borrowed for a period of five years, and if not repaid at the expiration of that time was renewed for a further period of five years.