Mr. T. THOMSONasked the Chancellor of the Exchequer whether he is aware that, owing to the protection of the Courts Emergency Powers Act with regard to industrial insurance policies of £25 value and less coming to an end, many of these policies will lapse unless notice is given by June next: and what steps he proposes to take to make known to policyholders their position in this matter to avoid the loss of large sums of money by the poorest policy-holders in the country?
Mr. GUINNESSThis matter was dealt with by Section 28 of the Industrial Assurance Act, 1923, whereby applications for payment of the sum assured under policies formerly protected by the Courts Emergency Powers Act, 1914, less arrears, m cases where the life assured died before 7th March, 1924, must be made before 7th June, 1925. Notice of this right to apply was duly published in the manner required by the section. I see no necessity to publish any further notice.
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