§ Mr. Welshasked the Secretary of State for Trade how many Scottish insurance companies have been declared bankrupt in (a) the past decade, and (6) since 1945; and how this compares with English-based insurance companies.
§ Mr. Clinton Davis, pursuant to his reply [Official Report, 7th August 1975, Vol. 897, c. 530], gave the following information:
No Scottish registered insurance companies went into liquidation in the past decade. Forty English registered insurance companies, of whom 20 were insolvent, went into liquidation during the same period. Similar information for the period from 1945 is not available and cannot be provided without disproportionate cost.