Shanghai, Mar. 2.
Arrangements have now been made by the British Government. for British insurance companies to carry on their overseas business without impediment, it is officially announced in London.
Under these arrangements, British insurance companies will be able to meet claims by Allied, neutral or British claimants abroad, in accordance with the terms of their policies whether in sterling or foreign cur. rency.
The Chancellor of the Exchequer, Sir John Simon, made a statement to this effect in reply to a question in the House of Commons.
He stated: "Fullest arrangements have been made to enable British insurance companies to carry on their overseas business without impediment and to meet claims by Allied, neutral or British claimants under any policy, in accordance with the terms of the policy, whether it be expressed in sterling or in foreign currency."
Text read from the printed page and cleaned; old type leaves the occasional error.