Investment Account.

Part of Oral Answers to Questions — National Health Insurance. – in the House of Commons on 15th March 1922.

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Photo of Sir Alfred Mond Sir Alfred Mond , Swansea West

The average rate of interest earned on the investments of National Health Insurance Funds is at present, approximately, 5 per cent. Under the Regulations as to the investment of funds by the National Debt Commissioners under the National Health Insurance Acts, the balance of the interest earned on any securities held by them, over and above the sums required to be credited by way of interest allowed by the insurance departments to approved societies, the Deposit Contributors Fund, the Navy and Army Insurance Fund, and other funds and accounts, remains credited to the Income Account (in the books of the National Debt Commissioners) constituted under these Regulations, and is used to make good losses realised when any holding or part of a holding in any security purchased on account of National Health Insurance Funds by the National Debt Commissioners is sold or paid off.