HC Deb 17 May 1922 vol 154 c368
83. Mr. MYERS

asked the President of the Board of Trade whether, in view of the provisions of the Assurance Companies Bill, he can obtain information as to how many War Bond policies have been issued by the Prudential Assurance Company; what is the aggregate value of such policies; and how many of them have lapsed?

Sir W. MITCHELL-THOMSON

According to information supplied by the Prudential Assurance Company, Limited, in January last the number of War loan policies issued in the industrial branch of the company was 1,882,732, of which 442,662 were not taken up. The number of policies lapsed was 279,788. On the 3rd December, 1921, the sum assured under policies remaining in force at that date was, approximately, £28,500,000 nominal of War stock or bonds.

Mr. MYERS

Does the law give any protection to these people whose policies have lapsed?

Sir W. MITCHELL-THOMSON

I must have notice of any questions on points of law.