HC Deb 22 July 1915 vol 73 cc1670-2W
Sir HAROLD ELVERSTON

asked the President of the Board of Trade whether his Department has any record of the names, etc., of the gentlemen who act as underwriters, etc., at Lloyd's; whether he can say how many ceased to act in that capacity in 1911; and what are their names?

Mr. RUNCIMAN

The Board of Trade have no complete record of the names of the gentlemen who act as underwriters at Lloyd's, but I am informed by the Committee at Lloyd's that eighteen ceased to act during the year 1914.

Sir H. ELVERSTON

asked the President of the Board of Trade what is the amount of the deposits, if any, furnished in accordance with the Eighth Schedule (B) and (C), 2 (3), of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for the due fulfilment of their fire and accident insurance contracts; the amount of the (Security furnished in the form of guarantees; whether any of the guarantees which may be furnished as an alternative to a deposit are given by persons who are not members of Lloyd's Underwriters' Associations; and, if so to what extent?

Mr. RUNCIMAN

The amount of the deposits furnished in accordance with Schedule 8 (B) and (C), 2 (b), of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for claims in connection with fire and accident and other non-marine business is £286,000. The amount of the security furnished in accordance with the provisions referred to in the form of guarantees is £4,548,000. No part of these guarantees has been given by persons other than Lloyd's members.

5. Sir H. ELVERSTON

asked the President of the Board of Trade if he will state how many Lloyd's underwriters have complied with the requirements laid down in Schedule 8, paragraphs (B) and (C), (1) (b), of the Assurance Company's Act as regards the furnishing to the Board of Trade of a statement showing the extent and character of the business effected by them; and how many Lloyd's underwriters, in lieu of complying with paragraph (B) (1), (a) and (b), have elected to comply with paragraphs (B) and (C) (2) of the Schedule, and supply to the Board of Trade an auditor's certificate in lieu of a full statement show- ing the extent and character of the business transacted?

Mr. RUNCIMAN

No Lloyd's underwriters have furnished the Board of Trade with a statement showing the extent and character of the business effected by them in accordance with Schedule 8, (B) and (C) (1) (b), of the Assurance Companies Act, 1909. Five hundred and sixty-four underwriters elected to comply with the alternative requirements contained in Schedule 8, (B) and (C) (2), and furnished the Board with auditors' certificates.