§ 25. Mr. LEONARDasked the President of the Board of Trade if he is aware that British insurance companies are more restricted in the range of securities in which their funds are invested than Canadian insurance companies; and if he will take steps to prohibit the agents of Canadian companies from obtaining new business in this country unless their companies conform to the same restrictions as to investments as British companies?
§ Mr. RUNCIMANNeither insurance companies registered in this country nor companies registered in Canada are subject to any statutory restrictions in this country as to investments of their funds except that the deposits which are required to be lodged by such companies with the Paymaster-General on behalf of the Supreme Court under the Assurance Companies Act, 1909, must be in approved securities.