HC Deb 13 October 1942 vol 383 c1496
56. Mr. Sorensen

asked the President of the Board of Trade for what reason the premium for War Damage Insurance in respect of agriculture has been increased; and whether it is now likely to remain permanently at the higher rate?

Mr. Dalton

For the year October, 1941, to September, 1942,. a maximum premium of 30s. was announced. The total actual premium was only 20s. per cent., collected at the rates of 15s. and 5s. for the two six-monthly periods respectively. For the year October, 1942, to September, 1943, the maximum premium will be 20s., of which 10s. is payable for the first six months. The actual rate for the second six months, which will not exceed 10s. and may be less, will be determined in the light of events.

Mr. Sorensen

Could that explanation be circulated widely, for the benefit of agriculturists, who are rather perturbed about the increase?

Mr. Dalton

We will see what we can do.