§ 61. Mr. K. Robinsonasked the Minister of Supply to what extent, and against what risks, he insures commodities for which he is responsible; how such insurances are placed, and with whom; and why the risk is not borne by Her Majesty's Government.
Mr. Sandy'sCertain stocks of ferroalloys held for the Ministry by the British Iron and Steel Corporation, Ltd. are insured. The insurance, which covers fire, explosion, flood, storm and tempest, is placed commercially by the Corporation through insurance brokers. It would not be practicable to exclude that part of the stocks which is owned by the Government from the Corporation's general insurance cover.
§ 62. Mr. K. Robinsonasked the Minister of Supply the premiums paid in respect of insurances effected by his Department since 1940; and the value of claims received, showing each year separately.
§ Mr. SandysI am having the information collected and shall send it to the hon. Member as soon as possible.