INSURANCE COMPANIES.
LORD ROTHSCHILD’S OPINIONS. By telegraph, Press Ass’n, Copyright Received 12.27 a.m., Jan. 12 London, Jan. 11. Lord Rothschild, referring to the suggestion that a royal commission shall be appointed to enquire into the working of the Life Assurance Act of 1870, considered the commission would be very dangerous, because companies would go like lambs to be shorn by an ambitious Chancellor of the Exchequer, A Radical president of the Board of Trade, knowin they had large sums invested, might order them to restoro British credit and give unlimited sums to municipalities to spend. Twenty-six millions of people were interested in the prosperity of such companies. A great many of their securities were threatened at the present moment. Electors ought to remember that their savings may be threatened by future legislation. He advised companies to meet and agree to what alterations were desirable, and then aßk the Government to introduce a Bill.
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Bibliographic details
Gisborne Times, Volume XIX, Issue 1646, 12 January 1906, Page 2
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153INSURANCE COMPANIES. Gisborne Times, Volume XIX, Issue 1646, 12 January 1906, Page 2
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