§ Mr. Edward Lyonsasked the Secretary of State for Trade and Industry whether, and to what extent, his Department keeps a check on the financial 20W situation of non-insurance companies within commercial groups which include one or more insurance companies.
§ Mr. John DaviesIn exercising supervision over insurance companies carrying on insurance business in Great Britain, all relevant factors are so far as possible taken into account. If it appeared that the affairs of an insurance company were likely to be adversely affected by the financial situation of a parent or fellow subsidiary this would be taken into account.