§ Mr. Staintonasked the Secretary of State for Trade if he will satisfy himself under his general powers in the Insurance Companies Act 1974 that the London aviation insurance market is adequately financed and controlled to meet such disasters as that in Tenerife where the total underwriting liabilities might exceed £100 million.
§ Mr. Clinton DavisIn my view, the London aviation insurance market is adequately financed and controlled, and I have no reason to doubt that it will meet its liabilities in respect of this disaster.