§ Mr. GINNELLasked the President of the Board of Trade if he will state with regard to the Law Integrity Insurance Company, Limited, its present nominal capital, paid-up Capital, total income, and total expenditure since formation, total borrowed from and total lent to its own directors, present holding and present salary of the chairman and each of the directors, total liability of the company, total assets secured to meet that liability, and the nature and value of the deposit made with the Paymaster-General in respect of life insurance?
Mr. BUXTONThe last Return filed by the Law Integrity Insurance Company, Limited, with the Registrar of Joint Stock Companies shows that on the 13th November last the nominal capital of the company was £100,000, and that the paid-up capital was £14,359. I am causing a list of the directors of the company, with particulars of the shares held by them on the 13th November last to be sent to the hon. Member. According to the balance-sheet filed by the company showing the position 1201W on the 30th June, 1912, the liabilities on that date including the Bond Investment, Sicknsss, Fire, and Fidelity Guarantee Funds amounted to £29,570 9s. 7d., and the assets, including an item of £27,098 16s. 8d. described as establishment account, amounted to £44,737 10s. 4d. The deposit made by the company in respect of life assurance business consists of £14,160 Midland Railway Two and a Half per Cent. Preference Stock, £5,000 London, Brighton and South Coast Railway Five per Cent. Second Preference Stock, and £5,000 North-Eastern Railway Four per Cent. Preference Stock, the total value of which is about £20,400. The other information asked for is not disclosed in the company's returns and I am therefore unable to furnish it.