§ Mr. Shersby
asked the Secretary of State for Trade what was the total sum of money accruing to the Policyholders Protection Board for the period ended 31st December 1976; and how many claims were met from the funds during the same period.
§ Mr. Clinton Davis
This is a question for the Policyholders Protection Board. However, the Board tells me that up to 31st December 1976 it received some £1.5 million by way of levy on the life business of insurance companies, and made interim payments by way of income benefits, maturity or death claims under some 3,100 policies of Capital Annuities Ltd.