13 FEBRUARY 1971, Page 27

Lloyds of London

Visiting Lloyds on the day of the collapse of Rolls-Royce I heard that their Insurance brokers had received a cheque for £600,000 Insurance premium the day before. Another £1.2m was due and oddly enough the brokers were confident of getting their Money 'since though they ranked low with the Receiver he was under obligation to retain protection on the fixed assets Charged to the debenture holders.