§ Mr. SNOWDEN
asked the Secretary to the Treasury what is the position of the fund for insurance against damage from aircraft; and if its position will allow a reduction or the remission of premiums for the next twelve months?
My right hon. Friend has asked me to answer this question. The aircraft insurance scheme, which came into operation in July last, has at present money in hand, but that position may change at any moment. I do not propose to increase the rates, but it would not be wise to reduce them.