HC Deb 13 February 1940 vol 357 cc555-6
10. Mr. David Adams

asked the Minister of Shipping whether, in case of the loss of merchant tonnage by enemy action, the insured value allowed to owners is based upon current costs of replacement; and whether owners are required to replace their respective losses?

Sir J. Gilmour

The basis upon which payment will be made to owners in respect of ships lost while under requisition is at present under discussion with the War Risks Associations and the Shipowners' Organisations.

Mr. Adams

Cannot the right hon. Gentleman say whether shipowners have an opportunity of replacing their lost tonnage?

Sir J. Gilmour

All these matters are under negotiation and a very early settlement is to be expected.

Mr. Adams

Who is responsible for the replacement of lost tonnage at the moment?

Sir J. Gilmour

The Ministry of Shipping and the Admiralty combined.