§ 82. Mr. R. McNEILLasked the President of the Board of Trade if he will make arrangements whereby policies of insurance against war risks may be renewed for periods of three instead of twelve months; and whether, in view of the fact that the risk of damage by air or sea has diminished, he will provide that policies covering all risks from hostile attack may be renewed at a fixed rate, for all parts of the country, equal to the present rate against damage from air attack, hiving regard to the fact that such a rate vould be sufficient to maintain the insurance scheme on a sound financial basis?
Mr. HARCOURTI do not think it would be practicable to renew the ordinary policies for shorter periods than twelve months, and I doubt whether it would be wise to abolish the distinction between the two classes of policy now issued, but the Board of Trade are considering whether some relief can be given to the insured without impairing the soundness of the scheme?