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Approved Society (Transferred Funds)

Volume 486: debated on Monday 16 April 1951

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94.

asked the Minister of National Insurance what were the surplus funds of the Scottish Rural Workers Approved Society at the date when the Society was incorporated in the National Health Scheme in 1948; and to what account these funds were transferred.

The funds of the Scottish Rural Workers Approved Society amounting to approximately £538,000 were transferred at 5th July, 1948, to the National Insurance (Reserve) Fund set up under Section 36 of the National Insurance Act. 1946.