§ Mr. Moateasked the Secretary of State for Trade what appointments he has made to the Policyholders Protection Board; what level of remuneration has been agreed, if any; and what is the source of funds for expenditure on and by the Board, assuming that no levies are raised.
§ Mr. Clinton DavisMy right hon. Friend has made the following appointments to the Policyholders Protection Board:
Chairman: Mr. Colin North Smith.
Insurance company members: Principal members
- Mr. Aonghais Macdonald.
- Mr. Ian Isles.
- Mr. A. W. Grant.
Alternate members
- Mr. K. G. Addison.
- Mr. D. H. Maitland.
- Mr. D. C. Bourdon.
Policyholders' representative: Mr. Max Wood.
No remuneration has yet been agreed. If the Board requires funds before using its powers to raise levies under the Policy-holders Protection Act it has power under Section 1 to borrow money.