| Show ji A Aki ki 11 PROTECT BRITISH POLICY S 0 ct New Government Will Appoint Committee to Investigate In Insurance Insurance 0 f Business TO BE MOVED VERY SHORTLY i lay I It e I fiN fl on ILI to III I L 1 3 Keep Id 11 of fit h M h In 10 r 0 0 ty 0 London Mach 27 Ilio l I Eni url ail I of ot Urn Ura UraI I nard narU In behalf of or o the hoard board of ot trude to IU toti ti plying In the h of ot or lo to Iii tho Karl Earl 1 of ot On lur vho ho on 9 Fg 44 cavo Go notice of ot his hili It Intention to 10 ask ok lI k the tie thel l whether In view vI of lIt tho the disclosure made Insurance companies II It In 18 Intended Int tended t to compel foreign companies do lo doI loT il T I lip g business In Great to keep keell In to Inthis this country a 11 of or orth t their th lr securities to 10 covet covi thi of ot 0 h policy holder wild tho ho govern government ment nent m nt would appoint n N lect commit committee t tee te to 10 consider the Tn To the Ihl subject tile the lie Kurt THI of ut t 0 el tho Iho of th III the commit from frum toni 1111 h ho h tp that there them wan WOH no f that policy holders might riot not I i some Mille tog ID tu find flod that Clint I e a th had h d In lii Lord l i i On low said u Il of ot ott a million t I people p were sere in the of ot the nod nid L the country could not allow oto thai Ihal the 1111 i t slightest risk ot of loss IWO should exist f r 0 those thOSA who had hall Invested the their small mall r 0 savings In Iii He Ito hoped the tho introduce legislation J such ns n hud hlll been adopted 0 compelling the tho companies tn tO l ll 0 available lI s to inert mcd their liabilities i ties tivE the Iho course courin ot nf bin hi reply rity the tt x Karl of nC that I he the II su MU I rt rJ lion ot of a n to 10 policy holders on Oil onIl Il the part of or foreign Insurance was Willi wo not unreasonable government 1 J had carefully d th Ih matter mat c t nod had concluded that the best way wayt t t to meet the request was wu 1 IW by the Ihl an a 11 p 0 3 I of nf n a 1 select I 4 li tie 1111 hoped honed lie he would bo be able to 10 move very 11 I Il It Is t I understood that Mr oIl I took the tho tcp step tI 11 he Ill did dill at lit the tho suggestion i I i of nt the larger policy who e proxies lp 0 Irs ies he h will vItI hold In III the Iho effort to organ organIze organIze 0 Ize ze h policy holders to Tree press for I reform Mr tr probably will 0 f go to III America when ho from fromI I the timo of ot time tho Mutual 0 mil atHi lillY ally himself with f I Fish rish l and his hili associates In III tho appoint appointment ment merit of ot committees with Iho tim MC leW iw ot or li legislation 1 A 1 result of nf time till name which m induced I 1 Mr i r I I a to In I o ic I g mm h lm ni 1 tj been talk of lit time the Ih New w York lIfo 4 Insurance company and nod the Ih l 1 V LiU LitE luran withdraw Ing d from Great Britain the Ihl result of the disclosures of nt th last la 1 hUll 1 a n loss nod It if tho legislation suit t J nested Is III li carried out nul and will I i ably ho hu realized d TIm Th Mutual Life IMp In Insurance 1 JJ I or of Now New York how however over Is II i too toor largely In I rent to 10 toOlE r OlE 1 c take such n step I t i Augustus of New ow York a Iy trustee of time Iho Mutual Life cite Insurance j c I of or Now No York was Interview to ed ell tonight Ho I to said nothing hull hucl been belli decided yet l tho the 7 tL H III In London but he hI h Mas aH start starting hi 0 o ing for New York on Oil board the steamer Mt l Millie tomorrow and ammi II II would a II ai i hi 0 statement to and nII m k Joseph H IT Choate Nothing hll h said t i t w v be ho done contrary to 10 Mr 11 advice Mr Ir Mill Mild he ho timid no In Interest terest In the mitter except tim till protection protection Iroll tion of ot policy holders ami an they lave eave their money by sticking to their policies 0 Tho Tim money Is III t there thero he hc pall pail e iIi ish I h accountants have hao the nf 1 fairs of nf the company nod found Its lI it as nH assets nap p 3 sets 1 absolutely comet with a n large lar i surplus I 1 am nm sure mure ure time the company will t n a further examination by liy any f actuary the er care caro caroto I to tn appoint oll the Ihl accountant n mt leading member of nf the commit If o enIl 0 0 What we WI want Is to 10 obtain n 1 linns tta fer ter or of f assets lI els of time till company to tn 0 Cog rn 4 r land to In protect the th IK I t of the It If the head office F h declines to 10 accede 01 refines to tn tm cut lit I Its h business anil transfer a it 21 1 i portion of ot Its ite assets It will wilt hll lo In Int t conduct Its business K In Client Britain g at nl a II serious loss ns Os public b 1 Et Is III not likely to 10 he be rl under tho the Jt 0 present trustees |
