Oral Answers to Questions — War Risks Insurance.

– in the House of Commons on 28th September 1938.

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Photo of Mr Gordon Hall Caine Mr Gordon Hall Caine , Dorset Eastern

(by Private Notice) asked the Chancellor of the Exchequer whether in view of the serious international situation and the possibility of an outbreak of hostilities he will forthwith introduce a compulsory contributory scheme of insurance to insure the homes and property of the people of this country.

Photo of Mr John Simon Mr John Simon , Spen Valley

As already stated to the House, the Government after full investigation reached the conclusion that war risks to property on land in this country are not an appropriate subject for insurance, that is, for the payment of graduated premiums on the one hand and an undertaking to compensate in full on the other. They have, however, under active consideration a plan for eventual compensation to the limits and under the qualifications which might be laid down when the actual extent of the damage was known, and I hope that it may be possible to make an announcement regarding it very shortly.

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

As I put the same question to the Chancellor of the Exchequer when this matter was raised before, may I ask, does that reply mean that, not only property but the lives and limbs of those who happen to be destroyed or maimed as a result of bombing and other measures, will be included in this compensation?

Photo of Mr John Simon Mr John Simon , Spen Valley

Of course that is a separate question, but it is at least as important, and it has not been put behind the question on which I have answered.

Photo of Mr Edmund Radford Mr Edmund Radford , Manchester Rusholme

Will it not be possible to take out life insurance on the ordinary lines which will include any risks which may supervene?