§ Mr. HOPKINasked the President of the Board of Trade whether his attention has been drawn to the fact that the capital subscribed of the Trafalgar Insurance Company is £17,000, and that after the statutory deposit this leaves them with £2,000; whether he is satisfied that this company is thus in a position to meet the liabilities for which it is contracting; and whether he will make immediate inquiries into the financial position of this company so as to safeguard the public?
§ Captain CROOKSHANKAccording to the particulars filed with the Registrar of Companies on the 24th June, 1936, there has been a recent call-up of capital of this company and the paid-up capital is now £20,223. As recently as last month the company made the statutory deposit of £15,000 for the purpose of transacting Motor Vehicle Insurance business. The hon. Member may rest assured that the Board of Trade are watching carefully the operations of this and other companies doing this class of business.