Clause 3 — (Rights of owners of certain endowment policies).

Part of Orders of the Day — Industrial Assurance and Friendly Societies Bill. – in the House of Commons on 15th March 1929.

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Photo of Mr Thomas Inskip Mr Thomas Inskip , Bristol Central

I think I can convince my hon. Friend that this point has been covered by the Amendment already adopted. My hon. Friend's Amendment clearly only covers the cases of existing policies, because a person who has a policy which is not existing to-day cannot be included in the expression "all the policy holders." That expression must mean the people who hold policies to-day and who are paying premiums. The Amendment already accepted by the Committee requires that in the case of every house in which there is a person from whom premiums are being collected, notice shall be given framed in the language which was approved by the Industrial Assurance Commissioner. Therefore, the Amendment achieves, I think in a more satisfactory manner, the purpose which my hon. Friend desires by his Amendment and I hope he will not press his Amendment.