War Risks Insurance.

Oral Answers to Questions — Australia. – in the House of Commons at on 17 May 1938.

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Photo of Sir Samuel Storey Sir Samuel Storey , Sunderland

asked the President of the Board of Trade whether any decision has yet been reached as to a scheme for compensation to property owners for damage caused by enemy action in time of war?

Photo of Mr Herbert Cayzer Mr Herbert Cayzer , Portsmouth South

asked the President of the Board of Trade whether, in view of the recent decision of the British insurance companies and underwriters that they are unable to cover private property against damage or destruction as the result of enemy action in war time, he is now able to say what progress has been made in the inauguration of a Government scheme to cover this risk?

Photo of Hon. Oliver Stanley Hon. Oliver Stanley , Westmorland

As I explained in my answer to the hon. and gallant Member for Wandsworth Central (Colonel Nathan) and the hon. Member for Dudley (Mr. Joel) on 2nd November last, the question of putting into operation any scheme of compensation, should the contingency arise, would be one for the Government of the day to decide in the light of the circumstances of the time. Such preparatory work as can usefully be undertaken in time of peace to facilitate the eventual application of a scheme of compensation is well in hand.

Photo of Mr David Kirkwood Mr David Kirkwood , Dumbarton District of Burghs

In considering the possibility of having a scheme to compensate the owners of property in the event of damage and destruction caused by air raids, will the Government also consider the possibility of having a scheme to provide compensation for the loss of breadwinners who are killed as the result of air raids?

Photo of Hon. Oliver Stanley Hon. Oliver Stanley , Westmorland

That question raises rather a different point, and perhaps the hon. Gentleman will put it down.