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Mr Cot
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Mr Antibes
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without delay.
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4/5
This is an actuarial not a legal question & the advice gexpects
on insurance.
is needed to settle it.
Refer to BT.
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MEMORANDUM...
After reading the interesting evidenes ¿i vei bofore the House of Lords Committee appointed in 1906 in consequence of the Insurance scandals in the United States (.of L.194/06 horovith) and the criticisms dw sent home, it geons to no that while the sin provisions of the Ordinance va casily be dufunded it cortal ly. cortaing some defects in its dutils, defects no docht due to the fact that no acotary was consulted by Che Government as re arde the haufting of Se till.
The objections here put forward are of
kinds.
A.
nance.
3.
To certain of the main provisions of an ordi-
G. 137 9 fuly
B7
28551
To sorbrin minor details.
A. The apparently almost unanimous opi..ion of British acterioa a diventando emwyers in alingly i. favour of the "P.źlicity una Pre dum" policy in fores in this country and their view was
and in Vis Hose
↑ Lorde Committee in their Report (pera ny: 7). I France, Germany, Austria, Italy, aho Taitod Stubos, and maliada however, li ingira.co companies are
to a more or love close governant su prvisie: (8) Appendix by Houne of Lords Toport).
But if wo sdal: that the "Plicity and Frondve" policy is the host for Who Whited Kingdon, it does not novooged- ly follow that i. is the best for shu Far Rush.
idea of the British policy is that it 100 GovernG AND insists on over life ingrance company skin; public full accounts of its business and financial position and requires a sibstantial aspecio (420,000) an
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