Report of the Royal Commission on National Health Insurance

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Monograph

Identifikator:: 1740277147

URN:: urn:nbn:de:zbw-retromon-132094

Document type:: Monograph

Title:: Report of the Royal Commission on National Health Insurance

Place of publication:: London

Publisher:: Stationery Office

Year of publication:: 1926

Scope:: XII, 394 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. Miscellaneous questions

Collection:: Economics Books

Ary MAJORITY REPORT emerge. It may be laid down as an axiom that changes in a system which at its inception was submitted to the closest scrutiny in every aspect are only to be recommended when a good case for them has been made out as the result of subsequent experience. In the present instance we must hold that no such case has been established. 616. We see no adequate reason for the adoption of the suggestion that wider powers of investment should be given to Societies, having regard to the ample range of securities available for trustee investments. Here again we ust point out that the present regulations are the result of a careful study of the whole question, in this case by a body of financial experts who composed the Investments Advisory Committee set up in 1913 and whose report emphasised the sufficiency of the scope of the list of trustee securities for the investments of Approved Societies. 617. We recommend that no change be made in the provisions of Sections 70 and Tl of the 1924 Act relating to societies’ powers of investment of their accumulated funds. ATLOWANCES TO APPROVED SOCIETIES FOR EXPENDITURE ON ADMINISTRATION 618. We are informed that the: whole question of the sums to be made available to Approved Societies for the purposes of administration was the subject of close inquiry by a Depart- mental Committee in 1921, and we are satisfied that the evidence we have heard on the subject is not such as to warrant any reconsideration of the matter. Apart from the general con- sideration to which we refer in paragraph 229 above, we are informed that the present rate of allowance is sufficient for all types of societies, and the evidence which we have received from the Approved Societies themselves would generally seem to confirm this view. The Ancient Order of Foresters (Q. 3945) think that the present rate of allowance is “ sufficient without being generous.”’ The Manchester Unity of Oddfellows (Q. 5474) think the allowance is adequate. The National Con- ference of Friendly Societies (Q. 10,646-10,648) * are not satisfied, but make the best of it.”” The Association of Approved Societies, however, express the opinion (App. XLV., 27-32; Q. 14,392-14,411) that ‘‘ the amount allowed to Approved Societies for administration: purposes is too low, and militates against efficiency without voluntary service,” and advocate an increase to cover the reasonable expenditure of each type of Society. The Order of the Sons of Temperance (App: TXXXIX, 22-25; Q. 21,405-21,413) informed us that °° when the number of members is 15,000 and over the allowance meets the requirements, and when the smaller units do not require office accommodation or permanent staff. there again the

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