HC Deb 26 April 1948 vol 450 cc3-4
4. Sir Waldron Smithers

asked the Minister of Transport if the steamer "Samkey" which was recently lost at sea was insured; for how much; and with whom.

Mr. Barnes

The "Samkey" was on bareboat charter to His Majesty's Government from the United States Government and, in accordance with normal practice, was not insured.

Sir W. Smithers

May I take it that the British taxpayer bore the loss? Will the right hon. Gentleman give an assurance that in future a proper business procedure will be adopted and that these ships will be insured at Lloyds?

Mr. Barnes

This is a far better business procedure than that suggested by the hon. Gentleman. It has turned out very much to our advantage to carry this risk ourselves, taking into account the whole of the chartering which the Government have done.

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