MAJORITY REPORT.

NT

applied to its full extent towards meeting the cost of extending
the statutory benefits. (paras. 183-186.)
(21) That Section 67 of the Act should be amended to provide
that the amount of the weekly contribution to be devoted to
providing interest on and redemption of reserve values be reduced
from 1d. in the case of men and from nine-tenths of 1d. in the
case of women to such amounts as may be actuarially shown to
be necessary without disturbing the redemption period, after the
charges and readjustments have been settled. (para. 194.)
(22) That Section 67 should also be amended to provide that
the amount of the weekly contribution to be retained for the
purposes of the Contingencies Funds and Central Fund should be
reduced from five-ninths of 1d. to one farthing in the case of
men, and from two-fifths of 1d. to one farthing in the case of
women. (para. 194.)
(23) That the maximum proportion of these reduced sums to be
paid to the Central Fund should be increased from one-eighth to
one-fourth. (para. 194.)
(24) That Section 76 (5) of the Act should be amended to provide
 that consequentially on the reduction of the contribution to
the Contingencies Funds, the whole (instead of a maximum of
one-half) of the balances of the Contingencies Funds of all
Societies with less than 1,000 members should be liable to be
pooled to make good deficiencies in any such Societies. (para.
194.)
(25) That the balances accruing to the credit of the Reserve
Suspense Fund after the 31st December, 1926, should be made
available for averting deficencies which would otherwise arise on
the valuation of Approyed Societies by reason of the imposition
on their funds of the proposed new charges. (para. 194.)
(26) That consequent upon the placing of the liability for
the whole cost of medical benefit on the funds of Approved
Societies, the appropriate changes should be made in the rates
of contribution of men serving with the Forces of the Crown,
foreign-going seamen of the Mercantile Marine, and voluntary
contributors with incomes exceeding £250 a year and that, in
the event of the provision of allowances for dependants of insured
persons, a further appropriate adjustment should be made in the
contribution payable in respect of men serving in the Forces of
the Crown. (paras. 191-193.)

i“

THE APPROVED SOCIETY SYSTEM.

(27) That the Approved Society system as a means for the
administration of the cash benefits of National Health Insurance
should be retained, but that this question might have to be
reconsidered in the event of fundamental changes being made
in the system of social insurance. (paras. 292-223.)

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