Do you say that this £1,800,000 is embraced in the two-ninths?
I do not quite understand what the accumulation referred to—one and five- ninths of a penny—is.
The more you get into the societies the more insolvent they will become unless you give them two-ninths of the benefit.
I do not know how the two-ninths was originally calculated.
Surely the value of the two-ninths in 1911 to the societies themselves in their administration shows a remarkable change.
The two-ninths would be ensured for them and it would not be an extra charge.
I arrive at that figure by taking two-ninths of the earned income as being tax-free.
They have rendered the profession of two-ninths, and the nine-pence for fourpence, practically obsolete.