§ Major BIRCHALLasked the President of the Board of Trade whether he can supply the latest available figures showing how much of the amount paid in premiums by policy holders in the industrial insurance companies was repaid in claims, and 1406W how much was absorbed in cost of management and by shareholders, respectively?
Mr. GRAHAMThe following are the figures for 1922, the latest year available:
Income. £ Premiums received 31,580,117 Expenditure. £ Claims paid 10,573,131 Amount paid for the surrender of policies 1,074,231 Commission and management charges 12,071,300 Carried to Profit and Loss Account for disbursement in shareholders' dividends and bonus 758,976 £24,477,638 Balance carried to reserves 7,102,479 £31,580,117