I thank my right hon. Friend for that good news. Is he aware that the high cost of insuring art exhibits is one of the reasons why borough councils and others are deterred from making full use of the increased facilities that the Department has offered? What steps will my right hon. Friend take to make the procedure easier and to assist them with insurances?
My hon. Friend has put his finger on what was the problem in the past. He might be interested to know that in 1988–89 no less than £1 billion of Government indemnity has been provided. That is a record figure and has saved the national museums and galleries £5 million in commercial insurance. The scheme plays a leading role in facilitating lending.