HC Deb 21 April 1890 vol 343 c979

I beg to ask the Postmaster General whether, in view of the heavy premium charged by private underwriters, he has now considered the advantage which would accrue by the risk in connection with the transit of scrip, bonds, &c, being undertaken by the Department, charging a moderate rate?


Scrip and bonds can be sent as registered letters, and in the event of their loss compensation is given up to a maximum of £5 when the usual postage has been prepaid. Subject to the prepayment of an additional fee of 2d., as an insurance fee, compensation is given up to a maximum of £10. A proposal has been made to raise the limit of compensation from £10 to a much higher sum, and I hops soon to be able to arrive at a decision in the matter.