§ Mr. T. WILLIAMSasked the Chancellor of the Exchequer if he will furnish figures showing the amount of gold in Britain, France, Germany, Italy, and the United States of America?
§ Mr. HORE-BELISHAI assume that the hon. Member desires particulars of the amount of gold available for monetary purposes. The following is the information issued by the authorities in the countries named:
the premiums and are having to accept paid-up policies for small amounts; and whether he will introduce legislation to ensure that the holders will receive payment of part of the premiums corresponding to the actuarial value of the policies?
§ Mr. HORE-BELISHAThe answer to the first part of the question is in the negative. Where, however, the owner of a policy of industrial assurance ceases payment of premiums owing to distress or other reason the Industrial Assurance Acts of 1923 and 1929 provide for the issue of a free paid-up policy in the circumstances therein provided calculated in accordance with the Acts. This calculation is based on the actuarial value of the policy. As regards the second part of the question, I am unable to make any statement pending the publication of the report of the Committee on Industrial Assurance.