§ MR. MYER (Lambeth, N.)I beg to ask the President of the Board of Trade whether, in view of the amounts which have accrued to life insurance companies in consequence of the number of lapsed policies and for which discontinuances the companies make no allowance in their periodical valuation to the Board of Trade under the Act of 1870, neither are their tables for premiums based in part upon the average secessions, but wholly upon the rates of mortality, he will cause an 62 inquiry to be held into the whole subject with a view to legislation in the immediate future having for its subject the establishment of a legal surrender value of life policies.
§ THE PRESIDENT OF THE BOARD OF TRADE (Mr. LLOYD-GEORGE, Carnarvon Boroughs)I do not think that it is necessary to institute an official inquiry with a view to legislation in the direction indicated by my hon. friend, but if he will place before me any information in his possession on the subject I will see that the matter is care fully considered.