§ 44. Captain AINSWORTHasked the President of the Board of Trade whether the City Life Assurance Company was registered under the Companies Acts or the Industrial and Provident Societies Acts, 1893 to 1913; and whether he can state, for the benefit of policy-holders generally, whether the Industrial Insurance Commissioner is satisfied with the stability of all the similar companies so registered from the Prudential downwards?
§ Sir W. JOYNSON-HICKSThe City Life Assurance Company, Limited, was registered under the Companies Acts. With regard to the second part of the Question the Industrial Assurance Commissioner can make no general statement. The valuation returns of the companies are periodically published, and are there- 1705 fore available to the public. The statutory powers of the Commissioner apply to cases in which a valuation made as at 31st December, 1924, or a later date is unsatisfactory and to cases in which a valuation, whether made before or after the passing of the Industrial Assurance Act, discloses a deficiency.