§ 38. Mr. GINNELLasked the President of the Board of Trade what the alleged asset of £25,098 16s. 8½d. in the latest accounts of the Law Integrity Insurance Company, Limited, consists of; whether it is available for the benefit or security of those insured in that concern; and, if the company has any assets so available, will he say to what amount?
Mr. RUNCIMANThe sum of £25,098 16s. 8½d. appearing as an asset in the balance-sheet of the Law Integrity Insurance Company, Limited, under the description of "Establishment Account," represents the proportion of expenditure which is attributed by the company to the establishment and organisation of the business as distinguished from the expense of carrying on the business. The value of this expenditure is available, together with the other assets shown in the company's balance-sheet, amounting to £32,395, for the policy-holders of the company.
§ Mr. GINNELLIs the right hon. Gentleman able to say as a fact that this concern has got any assets whatever?