HC Deb 07 March 1944 vol 397 c1855
21. Commander King-Hall

asked 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. Dalton

The 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-Hall

Would my right hon. Friend agree to remit this rather complicated question to Mr. Justice Cohen's Committee on the Companies Act?

Mr. Dalton

Yes, Sir, I shall be glad to ask them to look at it.

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