COAL CARGO.
Australian Insurance Rates Raised. SUCCESSION OF FIRES. ;. (Received 11 a.m.) SYDNEY, this day. Advice; has been received that London underwriters have raised the premiums for insuring Australian coal cargoes to about £3 per cent as a result of the succession of fires aboard ships blinking coal to Australia. It is' also likely that the cost of insuring the vessels themselves will be 'substantially increased so that the hardening of" freights which are now at a low figure' is inevitable.
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Auckland Star, Volume LX, Issue 228, 26 September 1929, Page 7
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81COAL CARGO. Auckland Star, Volume LX, Issue 228, 26 September 1929, Page 7
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