§ 21. Commander King-Hallasked the President of the Board of Trade whether he will revise the classification of the schedule of investments, at present compulsory in the balance sheet of insurance companies, so that these companies may be enabled to prepare balance sheets giving a clearer picture of the nature of their investments.
§ Mr. DaltonThe balance sheet prescribed in the third Schedule to the Assurance Companies Act, 1909, already requires investments to be classified under 17 separate sub-heads. It is open to companies to supplement the information so provided if they desire, but I have no power to alter the statutory requirements.
§ Commander King-HallWould my right hon. Friend agree to remit this rather complicated question to Mr. Justice Cohen's Committee on the Companies Act?
§ Mr. DaltonYes, Sir, I shall be glad to ask them to look at it.