Mr. Rostron Duckworthasked the President of the Board of Trade if he is aware that traders are threatened with bankruptcy owing to the slow methods of paying compensation for the destruction of insured stock; and whether he will take steps to expedite payment?
§ Captain WaterhouseIn order to accelerate the payment of commodity insurance claims the machinery of assessment has recently been further decentralised by the creation of a large additional number of insurance districts each under the control of expert District Committees. All practicable steps are being taken to dispose of outstanding claims as quickly as possible. Where the final settlement of the claim is likely to be unavoidably delayed a payment on account based on an estimate of the loss can be obtained on application.
If my hon. Friend will let me have particulars of any case he has in mind I will look into it.