§ Lieutenant-Colonel Sir J. NORTON GRIFFITHSasked the President of the 1380W Board of Trade if he is aware that extensive re-insurance work was done by enemy-owned concerns previous to the War, and what steps he has taken to prevent a recurrence of this?
§ Sir A. GEDDESI am aware that extensive re-insurance business was done by enemy-owned concerns previous to the War. A very large proportion of this business was transacted by the Munich Re-insurance Company, which established a place of business in this country in 1908. The Board of Trade made an Order under the Trading with the Enemy Amendment Act, 1916, prohibiting this company from carrying on business in this country, and I understand that most of the business of the company in this country is now in the hands of British registered companies. The Order remains in force until determined by the Board of Trade.
§ Lieutenant-Colonel Sir J. NORTON GRIFFITHSasked the President of the Board of Trade the percentage of re-insurance work done in this country by enemy-owned or controlled concerns in any one year for five years prior to the War?
§ Sir AUCKLAND GEDDESNo returns are made to the Board of Trade under the Assurance Companies Act, 1909, by insurance companies transacting re-insurance business only. I am therefore unable to state the percentage referred to in the question of my hon. Friend.