Insurance Funds (Treasury Payments).

Oral Answers to Questions — Unemployment. – in the House of Commons on 12th December 1922.

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Photo of Mr Robert Nichol Mr Robert Nichol , Renfrewshire Eastern

69.

asked the Chancellor of the Exchequer the total sums paid during the last three years by the Treasury into the Unemployment Insurance Funds; and whether such payments are grants or loans?

Photo of Mr Anderson Barlow Mr Anderson Barlow , Salford South

I have been asked to reply. The total sums paid by way of State grant to the Unemployment Fund (including the Unemployed Workers' Dependants Funds during the last three years are:—

£
For the financial year 1920–212,168,640
For the financial year 1921–228,123,430
For the financial year 1922–23 (8½ months)8,273,350
£18,565,420
In addition to this, repayable advances have been made out of the Consolidated Fund during the last 18 months totalling £14,980,000.

Photo of Mr Robert Nichol Mr Robert Nichol , Renfrewshire Eastern

Does this not compare very unfavourably with the amount of the subsidies—£167,000,000 as compared with £18,000,000 subsidy and £14,000,000 loan to the unemployed?

Photo of Mr Anderson Barlow Mr Anderson Barlow , Salford South

That is a matter of opinion. I do not think it arises out of the answer.

Photo of Mr Robert Nichol Mr Robert Nichol , Renfrewshire Eastern

It is a matter very largely of fact.