§ Mr. Gouldasked the Secretary of State for Trade and Industry what steps he is taking to seek to bring about a resolution of the difficulties at Lloyd's arising from the losses recorded by the PCW syndicates and their successors.
§ Mr. HowardThis is a matter for the numerous parties involved. However, I am keeping in touch with the Lloyd's authorities about any developments.
§ Mr. Gouldasked the Secretary of State for Trade and Industry what steps he is taking to seek to ensure adequate provision in the accounts of firms at Lloyd's which may have contingent financial obligations arising from a settlement of the dispute arising out of the losses sustained by the PCW syndicates and their successors.
§ Mr. HowardNone. In so far as any such provision may be found necessary, the amount to be provided is a matter to be determined by those concerned in conjunction with their auditors.