HC Deb 06 June 1921 vol 142 cc1484-5
5. Mr. ARTHUR HENDERSON

asked the President of the Board of Trade whether he is aware of any inquiry that has been or is being held into the affairs of the Royal London Mutual Insurance Society; if he can state the circumstances which led to the resignation of the board of directors; what connection exists or existed between the society and the Royal London Insurance Company; whether he is aware that information has been refused to policy holders and that in consequence many of the society's agents are now on strike; and whether he will make inquiry into this matter?

Sir W. MITCHELL-THOMSON

I have no information with regard to the first, second, and fourth parts of the question. As to the third part, it appears from the returns for the year 1919 that all the directors of the Royal London Auxiliary Insurance Company were at that time directors of the Royal London Mutual Insurance Society. In reply to the last part, the Board of Trade have no power to make an inquiry into the affairs of a company which is not in liquidation, except under Section 109 of the Companies (Consolidation) Act, 1908.