HC Deb 13 June 1940 vol 361 cc1402-3W
Mr. Pethick-Lawrence

asked the Chancellor of the Exchequer whether, having regard to the provisions of the Emergency Powers (Defence) Act, 1940, the Government have in any way modified their attitude towards the overseas operations of British insurance companies, as announced by his predecessor on 8th February last?

Sir K. Wood

As my predecessor stated on 8th February, the fullest arrangements have been made to enable the British insurance companies to carry on their overseas business without impediment and to meet claims by Allied, neutral or British claimants under any policy in accordance with the terms of the policy whether it be expressed in sterling or in foreign currency. The Emergency Powers (Defence) Act, 1940, in no way modifies the arrangements as set out above.