§ 18. Rear-Admiral ADAIRasked the First Lord of the Admiralty how much of the total sum of £1,753,150, received by the Admiralty for freight and insurance of treasure carried in His Majesty's ships during the War, was on account of freight and how much was on account of insurance; what rate of freight was charged; having regard to the annulment of the Order in Council of 10th August, 1888, on what authority was any freight charged or rate fixed; whether the receipt of money for insurance was in consequence of the Admiralty undertaking the insurance; and, if so, on what authority did they undertake it?
§ Dr. MACNAMARAAn arrangement was made with certain owners of bullion for their property to be conveyed on board His Majesty's ships during the War on payment of a percentage charge to cover insurance and freight. The rate paid was usually 25s. per cent. It was generally unnecessary to divide this amount between insurance and freight, but where freight was accounted for separately, it was chargd at 4s. 3d. per cent.