§ Mr. GINNELLasked whether the Colonial Mutual Life Assurance Society of Australia has deposited £20,000 as security for persons insured with it in the United Kingdom; and whether he can state the number of such persons, the amount received from them in premiums 1126 in the last twenty years, and the average proportion of repayments to paid premiums in closed cases in that time?
Mr. BUXTONThe Colonial Mutual Life Assurance Society, Limited, has made the deposit of £20,000 required by the Assurance Companies Act, 1909. The returns filed by the society show that during the year ending 31st December, 1910, it received £100,535 4s. 2d. for premiums in respect of life assurance business within the United Kingdom, and paid £77,161 9s. 10d. for claims and surrenders in respect of such business. The further information asked for by the hon. Member is not required to be disclosed in the company's returns, and I am therefore unable to furnish it.