The CIVIL LORD of the ADMIRALTY (Mr. Lambert)
I must refer my hon. Friend to the statement made by the First Lord on this subject when introducing the Navy Estimates on the 26th March, 1913.
§ 61. Mr. KING
asked the President of the Board of Trade whether he has information to show that in the case of cargoes 257 carried in merchantmen armed by the British Admiralty higher or lower rates are required for insurance on cargoes carried in such armed merchantmen; and, if so, whether the higher or lower rates apply to ordinary or to war risks?
§ Mr. J. M. ROBERTSON
I am informed that up to the present time there has been no difference between the insurance rates on cargoes carried in merchant vessels armed by the Admiralty and those on cargoes carried in unarmed vessels. It is impossible to say whether there would be any difference in war time in rates on armed and unarmed merchantmen, as the rates would be dependent on a number of conditions that cannot now be foreseen.