§ Mr. HAYDN JONESasked the President of the Board of Trade how many Lloyd's underwriters have complied during the year 1930 and 1931, respectively, with the requirements laid down in Schedule 8, paragraphs (B) and (C) 1 (b) of the Assurance Companies Act as regards the furnishing to the Board of Trade of a statement showing the extent and character of the business effected by them; and how many Lloyd's underwriters during the same period, in lieu of complying with paragraphs (B) 2000W and (C) 2 of the Schedule, supply the Board of Trade with an auditor's certificate in lieu of a full statement showing the extent and character of the business transacted?
§ Mr. RUNCIMANNo Lloyd's underwriters during 1930 and 1931 complied with the requirements laid down in the Eighth Schedule, paragraphs (B) and (C) 1 (b). In lieu of complying with paragraphs (B) and (C) 1 (a) and (b) the undermentioned numbers of Lloyd's underwriters elected during the years 1930 and 1931 to comply with paragraphs (B) and (C) 2 of the Eighth Schedule, namely: 1930, 1,359; 1931, 1,370.
§ Mr. JONESasked the President of the Board of Trade what is the amount of deposits, if any, furnished during the years 1930 and 1931, in accordance with Schedule 8 (B) and (C) 2 (b) of the Assurance Companies Act, 1909, by Lloyd's underwriters as security for the due fulfilment of their fire and accident insurance contracts; the amount of the security furnished in the form of guarantees; whether any of the guarantees which may be furnished as an alternative to a deposit are given by persons who are not members of Lloyd's Underwriters' Association; and if he will state the terms of the underwriting members' non-marine guarantee and the trust deed now approved by the Board of Trade under heads (B) and (C) 2 (a) of the Eighth Schedule?
§ Mr. RUNCIMANThe amounts of deposits and guarantees for the years 1930 and 1931 furnished by Lloyd's underwriters in accordance with the Eighth Schedule (B) and (C) 2 (b) as security for the due fulfilment of their fire and accident insurance contracts were as follow:
Year. Deposits. Guarantees by members of Lloyd's. Guarantees given by persons other than members of Lloyd's. £ £ 1930 … 3,194,374 12,104,659 Nil. 1931 … 3,216,438 12,008,942 Nil. As the terms of the Underwriting Members' Non-Marine Guarantee and the Trust Deed now approved by the Board of Trade under heads (B) and (C) 2 (a) 2001W of the Eighth Schedule are comprised in somewhat lengthy documents, I am sending the hon. Member a copy of each Deed.