§ 36. Mr. GINNELLasked the President of the Board of Trade if he will say at what date the Board received the accounts of the Anglo-Scottish General Commercial Insurance Company for 1911; whether the Board have applied any test to them in addition to that of the company's auditor; who that auditor is; whether his certificate is satisfactory to-the Board; and what is the net amount of capital available for the protection of insured persons?
§ The PRESIDENT of the BOARD of TRADE (Mr. Buxton)The accounts of the Anglo-Scottish General Commercial Insurance Company, Limited, for the year 1911, were received on the 7th September. The Board of Trade have raised questions-relating to the accounts which have not yet been finally disposed of. The company's balance-sheet has been audited by Messrs. E. Littlejohn, Wilson and Co., and Messrs. Nasmith, Coutts and Co., whose certificate contains certain reservations, but is in accordance with the provisions of the Act. The balance-sheet shows that on 31st December, 1911, the assets of the company included—cash, £1,518; investments, £2,712; amounts due by agents and other companies and outstanding premiums, £11,373; and leasehold premises and furniture, £968. There was also a considerable amount of uncalled capital.