§ Mr. LEES-SMITHasked the President of the Board of Trade whether any statement is supplied to the Board of Trade of the number of Lloyd's underwriters who are unable to meet their engagements; if so, how many were in this position last year; how many Lloyd's underwriters have complied with the requirement laid down in Schedule 8, paragraphs B and C (1) (6), of the Assurance Companies Act, as regards the furnishing to the Board of Trade of a statement showing the extent and character of the business effected by him: and how many Lloyd's underwriters, in lieu of complying with paragraph B (1) (a) and (b), nave elected to comply with paragraphs B and C (2) of the Schedule and supply to the Board of Trade an auditor's certificate in lieu of a full statement showing the extent and character of the business transacted?
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§ Sir B. CHADWICKI am informed by the Committee of Lloyd's that no members of Lloyd's were in the position last year of being unable to meet their underwriting engagements. No Lloyd's underwriters have furnished the Board of Trade with a statement showing the extent and character of the business effected by them under Schedule 8 (B) and (C) 1 (b) during the year 1924. In lieu of providing this statement, 1,136 underwriters elected to comply with the alternative requirements contained in Schedule 8 (B) and (C) 2 and furnished the Board with auditors' certificates.
§ Mr. LEES-SMITHasked the President of the Board of Trade what is the amount of the deposits, if any, furnished in accordance with Schedule 8 B and C 2 (3) of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for the due fulfilment of their fire and accident insurance contracts; the amount of the security furnished in the form of guarantees; whether any of the guarantees which may be furnished as an alternative to a deposit are given by persons who are not members of Lloyd's Underwriters' Association, and, if so, to what extent; and whether any alteration has been made in the terms of either the underwriters' agreement or trust deed during the last year?
§ Sir B. CHADWICKThe amounts of the deposits and guarantees furnished by Lloyd's underwriters in accordance with Schedule 8 (B) and (C) 2 (b) as security for claims in connection with fire, accident and other non-marine business are as follows:
Deposits Guarantees given by Members of Lloyd's Guarantees given by persons other than Members of Lloyd's. £ £ £ 1,882,000 11,860,432 34,973 Two forms of Underwriting Members' Guarantee Agreement were amended during the past year, and I am sending prints of these documents to the hon. Member. No alteration of the Trust Deed has been made.
§ Mr. LEES-SMITHasked the President of the Board of Trade whether, in respect 58W of the life assurance business now transacted by Lloyd's underwriters, the deposits of £2,000 required by the Assurance Companies Act of 1909 have been made and statements showing the character and extent of the business transacted have been deposited with the Board of Trade?
§ Sir B. CHADWICKSo far as the Board of Trade are aware, no life assurance business is being carried on by Lloyd's underwriters. The remainder of the question consequently does not arise.