Overseas Insurance Companies (Investments)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th October 1949.

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Photo of Sir Kenneth Pickthorn Sir Kenneth Pickthorn , Cambridge University 12:00 am, 18th October 1949

asked the Chancellor of the Exchequer (1) what percentage of the liabilities of overseas insurance companies to policy-holders in this country was invested in dollar securities at the end of 1946, 1947 and 1948;

(2) what is the amount of insurance premiums collected in each of the last five years in this country by overseas insurance companies and invested in dollar securities.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

I regret that the information for which the hon. Member asks is not available.