§ 6. Sir WILLIAM JOYNSON-HICKS
asked the President of the Board of Trade whether there are over sixty reinsurance companies registered abroad or with foreign headquarters now carrying on business in this country; and how many have made the deposit of £20,000 required by law from English companies?
§ Sir A. GEDDES
If my hon. Friend will furnish me with a list of the sixty reinsurance companies referred to in his question, I will make inquiries as to the nature of the business carried on by such companies, with a view to considering whether they are liable to make a deposit of £20,000 under the Assurance Companies Act, 1909. Information has been obtained as to the twelve companies of foreign origin carrying on reinsurance business to which my bon: Friend drew my attention in his question of the 4th June, and I am now obtaining legal opinion as to which of those companies are liable to make the deposit.