The further consideration of the following motion standing in my name was adjourned until to-day:—
That having regard to the large sums of money paid by Irish citizens for the insurance of their property from loss by fire, riot, or civil commotion, the liability to pay for which is, in consideration of these premiums, assumed by Insurance Companies and underwriters, but which liability it is now endeavoured to place on the rates,
It is in the opinion of the Seanad desirable, and they would urge the Government to introduce legislation, under which Insurance Companies or underwriters who (a) repudiate the liabilities they have assumed; or (b) are unwilling to abide by the decisions of the Free State Courts, shall be precluded from carrying on business in Saorstát Eireann.
We discussed the matter very fully on the last occasion, and I beg to propose the resolution, leaving out the words that you suggested on that occasion were quite unnecessary, namely: "or (b) are unwilling to abide by the decisions of the Free State Courts.” I also wish to add to the resolution that a small Committee be appointed to consider the best means of carrying this into operation. In these changes I have the consent of the seconder, Senator Fitzgerald.