§ Mr. TILLETTasked the President of the Board of Trade what were the payments made to shipping companies in respect to losses and reparations during the years 1914 to 1920?
Mr. ALEXANDERThe payments made to shipping companies during the period from August, 1914, to end of March, 1921, by the Admiralty, War Office and Ministry of Shipping in respect of total losses of vessels owing to war risk amounted to about £124,000,000. In addition, about £60,000,000 was paid under the Government War Risk Insurance Scheme in respect of losses and damage arising from war risk on vessels insured under that scheme.