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The Trading with the Enemy Joint Committee was set up as a result of the Trading with the Enemy Act, 1939. Its object was to advise Government through the Trading with the Enemy Branch (administered jointly by the Treasury and Board of Trade) about the application of the Act as far as the insurance business was concerned. In particular, it made recommendations in relation to the issue of licences, balancing what would be conferring a benefit on the enemy against what would inflict damage on British insurance. The committee was representative of the fire, accident and marine insurance business and included members of insurance companies representing the Fire Offices' Committee, Fire Offices' Committee (Foreign), Consequential Loss Committee, Accident Offices Association, Accident Offices Association (Overseas), non-tariff companies, Institute of London Underwriters and Lloyd's of London.