§ Sir B. FALLEasked the President of the Board of Trade whether he can give any information concerning the settlement of claims against the City Life Assurance Company, which went into liquidation on the 2nd July, 1923, when an official receiver was appointed?
§ Sir B. CHADWICKIt was foreseen at the commencement that the liquidation of this company would be a protracted one, and the official receiver reports that, owing partly to the necessity of valuing more than 60,000 claims in accordance with the provisions of the Assurance Companies Act, 1909, and partly to the fact that application had to be made to the Court regarding certain important questions which are at present awaiting the decision of the Court of Appeal, some months must still elapse before any dividend can be paid.