§ 55. Sir Arnold Wilsonasked the Financial Secretary to the Treasury whether he is aware that the Courts Emergency Powers Act, 1914, Section 1 (b), prevented the lapsing of industrial assurance policies under £25 in value which had been paid for at least 10 years; and whether he will consider the desirability of such legislation now, having regard to the fact that the number of such policies has more than doubled?
§ The Financial Secretary to the Treasury (Captain Crookshank)The answer to the first part of the question is in the affirmative except that the minimum period of payment specified in the Act was two years. As regards the second part of the question, the matter is under consideration.