INSURANCE COMPANIES: NUMBER REGISTERED; DEPOSITS; BUSINESS; INVESTMENTS

Mr R. Jumabhoy asked the Minister for Commerce and Industry if he will state-

(a) the names of companies transacting business in life, fire, marine and motor insurance in Singapore; the dates of their registration; and in each case whether it is a local, Commonwealth or foreign company;

(b) the amount of deposit placed by each company with the Accountant-General, Singapore; and in each case whether it is in local currency, local gilt-edged securities or securities of the countries of origin of the respective companies;

(c) the amount of business transacted in the Colony of Singapore by each of the companies from the available records either since their registration, or since the reoccupation of Singapore, or since 1st January, 1955, up to a latest convenient date, stating the premiums earned in the respective lines of insurance; and

(d) the present investments of each of the companies in the Colony, and the form of the investments.

Mr J. M. Jumabhoy: Since the information the Honourable Member seeks requires considerable research into the records at the disposal of the Ministry, it would take some time to reframe this information in a presentable form. The information will be circulated in the Official Report in due course. ANNEX A - SKETCH OF PANDAN NATURE RESERVE Col(0543-0544)