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Insurance Stamps (Investment Of Revenue)

Volume 47: debated on Tuesday 21 January 1913

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34.

asked the total amount of money representing the sale of insurance stamps at the present time, and in what securities have such moneys been invested?

The sums received into the National Health Insurance Fund from the sale of stamps, etc., up to 18th January, amounted to £9,225,369 17s. 9d. The amounts available for investment are being invested partly in Treasury Bills and Exchequer Bonds, and partly in Government Stock in anticipation of transfer to the Permanent Investment Account. A Return will in due course be presented to Parliament by the National Debt Commissioners as required under Section 54 of the Act, and I am unable to anticipate the details which will be included in that Return.