Life Annuities.

Part of Oral Answers to Questions — Scotland. – in the House of Commons on 14th March 1922.

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Photo of Viscount  Turnour Viscount Turnour , Horsham and Worthing

Is the hon. Gentleman aware that in the report in question there is no statement of profit and loss at all; is he aware that in the opinion of the best actuarial experts in the City, the result of the Government's business in life annuities is to give them a very heavy loss which they have hitherto succeeded in not disclosing to the public through this House?