HC Deb 25 July 1912 vol 41 c1365W
Mr. GINNELL

asked the Secretary to the Treasury when the London and Provincial Approved Society was first registered; when it became officially approved under the National Insurance Act; why the Registrar of Friendly Societies allowed it to be registered under a name which was untrue and misleading at the date of registration; whether the Insurance Commissioners, before approving it, had before them the identity of management of the London and Provincial Assurance Company, Limited, of which this society is an offshoot, with the Irish Provident Assurance Company, now in compulsory liquidation, and the revelations at the trial of the directors, now in progress in Dublin; whether he is aware that some 500,000 poor persons in Ireland have lost their savings through those directors; and whether the official approval of this self-styled approved society will be cancelled, or at least suspended, pending the result of the trial mentioned?

Mr. MASTERMAN

The matter is now under consideration with a view to such action (if any) as the Commissioners see fit.