HC Deb 19 April 1923 vol 162 c2304W

asked the President of the Board of Trade the total number of. War Stock or War Bond policies issued by industrial insurance companies and the amount involved, the number of such policies and the total amount which have lapsed, and the number and amount still in existence?

Viscount WOLMER

So far as I am aware the Prudential Assurance Company, Limited, is the only company which has issued War Stock or War Bond policies in its industrial branch, but the issue of such policies ceased in October, 1921. According to information supplied by that company in January, 1922, the number of such policies issued in the industrial branch was 1.882,732, of which 442,662 were not taken up; the number of policies lapsed was 279,788. On 3rd December, 1921, the sum assured under policies remaining in force at that date was approximately £28,500,000 nominal of War Stock or Bonds. The latest information in the possession of the Board of Trade regarding the position of such policies is contained in an answer which I gave to one of the hon. Members for Dundee on the 7th March this year, a copy of which I am sending to the hon. Member.