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Written Answers To Questions
Unemployment Fund
Sir L. Lyle
asked the Minister of Labour what is the present credit balance of the Unemployment Insurance Fund; and how this compares with the corresponding balance at the end of each wartime year.
Mr. E. Bevin
The balances of the Unemployment Fund were approximately as follows at the dates stated:
| Million £s. | |||
| *31st December, 1939 | … | … | 61 |
| *31st December, 1940 | … | … | 58 |
| 31st December, 1941 | … | … | 85 |
| 31st December, 1942 | … | … | 158 |
| 31st December, 1943 | … | … | 232 |
| 4th March, 1944 | … | … | 246 |
| *At these dates the balance of funded debt outstanding was approximately £77,000,000 and £39,000,000 respectively; the debt was finally extinguished on 31st March, 1941. | |||