HC Deb 16 December 1949 vol 470 cc349-50W
Mr. H. D. Hughes

asked the Chancellor of the Exchequer in view of the fact that the cost of the anti-nationalisation campaign being conducted by the Prudential Assurance Company must reduce the surplus in which, by the company's articles of association, the policy holders have a right to share, what action the Industrial Assurance Commissioner proposes to take to restrain this company from so using its funds.

Sir S. Cripps

The Industrial Assurance Commissioner has no reason to suppose that the expenditure referred to will have the effect of reducing the surplus in which the policy holders have a right to share. No action is therefore proposed.

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