HC Deb 05 May 1936 vol 311 cc1502-3
4. Mr. DAY

asked the President of the Board of Trade to what extent the Government are responsible for any portion of the present marine risk of the new Cunarder the steamship "Queen Mary"?

Mr. RUNCIMAN

The Board of Trade will undertake marine risks insurance of the steamship "Queen Mary" to the extent of £1,800,000. This is the amount by which the insurances placed on the open market fall short of the value of the vessel for insurance purposes.

Mr. DAY

Could the right hon. Gentleman say whether any of the open-market insurance was taken up by foreign market?

Mr. RUNCIMAN

I could not say without notice.