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War Damage Contribution

Volume 393: debated on Tuesday 2 November 1943

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62.

asked the Chancellor of the Exchequer whether, in view of the decline which has taken place in the destruction of property by air raids, he will consider the reduction of the insurance premium paid by the owners of property?

No, Sir. I would draw my hon. Friend's attention to the fact that the contribution now payable is that prescribed in the original War Damage Act in respect of damage done within the first risk period ending 31st of August, 1941, only; and that this risk period was extended indefinitely by subsequent legislation without any addition to the contribution. Provisions for its ultimate adjustment either upwards or downwards if that should be necessary are laid down in Section 80 of the War Damage Act, 1943.