§ 5. Sir JOHN POWERasked the President of the Board of Trade when he intends to introduce legislation to provide that insurance companies undertaking third-party motor insurance shall be required to deposit a sum not less than life insurance companies are required to deposit?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)My hon. Friend will no doubt have seen the Bill to amend the Assurance Companies (Winding-Up) Act, 1933, which was introduced in another place on Wednesday last. The Bill is confined to measures required to meet the immediate needs of the situation and is not concerned with other aspects of insurance law.