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no proof versions have been redeemed. Under present conditions
it would be reasonable to expect fewer redemptions from future
issues if the specimen version were discontinued.
(1) More stringent control by HMG
If this objective is accepted it is for consideration whether
the design approval procedure might not be used to limit the
number of coins in future programmes.
(m) Insurance against redemption through commercial insurers
This is a possibility and could be further investigated if
desired. But preliminary enquiries are not encouraging in
this respect. Annual premiums would erode royalties. Single
premiums would be expensive and the existence of insurance might
itself encourage issuing authorities to embark on more ambitious
programmes.