Unemployment Insurance Act 1931
| Jurisdiction | UK Non-devolved |
Unemployment Insurance Act, 1931
(21 & 22 Geo. 5.) CHAPTER 8.
An Act to raise to ninety million pounds the limit on the amount of the advances by the Treasury to the Unemployment Fund which may be outstanding during the deficiency period, to amend subsection (2) of section fourteen of the Unemployment Insurance Act, 1927, by further extending to forty-two months the period of twelve months therein mentioned, and to make provision for certain other matters in connection with the extension aforesaid.
[3rd March 1931]
Be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Increase of limit of Treasury advances.
1. The limit on the amount of the advances to be made by the Treasury to the Unemployment Fund under section five of the Unemployment Insurance Act, 1921, as amended by subsequent enactments, which may be outstanding during the deficiency period, shall be raised to ninety million pounds.
2 Further amendment of s. 14 \(2) of 17 & 18 Geo. 5. c. 30.
(1) The period of twelve months mentioned in subsection (2) of section fourteen of the Unemployment Insurance Act, 1927, which was extended by the Unemployment Insurance (Transitional Provisions Amendment) Act, 1929 , to twenty-four months and by the Unemployment Insurance Act, 1930 , to thirty-six months, shall be further extended to forty-two months and the said subsection shall have effect accordingly.
(2) There shall be paid into the unemployment fund out of moneys provided by Parliament—
(a ) such amounts as may be determined by the Minister of Labour, with the concurrence of the Treasury, to be approximately equivalent to the aggregate amount of the sums which are from time to time paid by way of benefit under the said subsection (2) as extended by this section; and
(b ) an amount approximately equivalent to the expenses incurred by the Minister of Labour in administering the benefit aforesaid.
(3) The amounts paid into the unemployment fund under subsection (2) of this section shall not be treated as receipts paid into that fund within the meaning of the proviso to subsection (3) of section twelve of the Unemployment Insurance Act, 1920 , and the maximum sum applicable under the said proviso as an appropriation in aid...
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