§ 30. Mr. Rhys Daviesasked the President of the Board of Trade the method 18 employed in calculating the amounts to be paid to insurance companies to defray their expenses for work done under the chattels insurance scheme; and whether any proportion of those sums will be paid to the insurance agent actually transacting the business between the insurance company and the client?
§ The President of the Board of Trade (Sir Andrew Duncan)The expenses of the Board's agents under the private chattels scheme will be calculated by reference to the actual cost to them of the work, as ascertained after a reasonable period of operation. The cost will include payments which will be made, in agreement with the Board of Trade, by the Board's agents to their intermediaries.