§ Mr. BYRNEasked the President of the Board of Trade if he will introduce legislation to protect the public from insurance companies endeavouring to make profit out of national securities; if he will see that a proper surrender value is fixed on War Bond policies; if he is aware that the purchaser of War Bond policy No. 343,154B paid the Pearl Assurance Company £10 18s. 9d., and, being unable to continue the payments, has been offered £6 13s. 9d. in return; and if he will take steps to prevent this form of profiteering?
Sir A. STANLEYThe Board of Trade have no jurisdiction to fix the surrender value of any insurance policy, but transactions of the nature referred to will be within the scope of an inquiry into industrial assurance business which it has been decided to hold.