WAR DAMAGE INSURANCE
BRITISH GOVERNMENT'S SCHEME BILL BEFORE COMMONS (British Official Wireless.) Pres* Association—By Telegraph—Copyright RUGBY, July 17. The President of the Board or Trade, Mr Oliver Stanley, stated in the House of Commons during a debate on the War Risks Insurance Bill that the Government could not take the responsibility of conducting a scheme of insurance against air raids in wartime because the estimated insurable value of British property, machinery, and furniture that could be damaged, was £12,380,000,000, working out at £275 per capita. Nevertheless, the Government was instituting an inquiry into the possibility of a scheme of mutual protection of property on a contributory basis, affording compensation at the earliest possible time after the damage. The Government might assist financially. The Bill was read a second time.
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Evening Star, Issue 23322, 19 July 1939, Page 9
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129WAR DAMAGE INSURANCE Evening Star, Issue 23322, 19 July 1939, Page 9
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