§ Sir P. Harris
(by Private Notice)asked the President of the Board of Trade whether he has now reached a decision on the question whether the premiums paid for the insurance of commodities under Part II of the War Risks Insurance Act, 1939, will cover some further period beyond three months.
§ The President of the Board of Trade (Mr. Oliver Stanley)
With the concurrence of my right hon. Friend the Chancellor of the Exchequer I have decided in principle that one month's proportion of the premiums paid for the initial period of three months shall be made available as credits in respect of premiums which may become payable after the expiry of the present period of three months' cover on 2nd December. The precise manner in which the concession will be applied to existing policies is now being considered, and a further announcement will be made later, but it must be understood that this concession is without prejudice to the rate of premium which may be fixed for the period after 2nd December.