Page 8 Advertisements Column 5

Bay of Plenty Beacon, Volume 2, Issue 181, 3 July 1940, Page 8

PUBLIC NOTICE * THE GOVERNMENT STATE FIHE INSURANCE ; OFFICE DISTRIBUTION OF PROFITS FOR, YEAR 1939-1940. - \ TO . POLICYHOLDERS. You will bepleased to know lhat the BonusSystem. instituted in 1936 will bt* continued this year, and policyholders who have teen,, insured with the Office for not less than one year; will be credited with the Bon vis Rebate on renewal of existing insurances. : Under this Distribution of profits policyholders will benefit to the length of time they have been insiired with the Office, up to. a maximum of three "years. The amount of profit credited, to each policy, which will be shown oiv4ke expiry notice, further reduces tt£ cost of your insurance. • . A Distribution of Profits on this liberal scale is confined to policy-;, holders of the State Fire Office. Policyholders are reminded of, the. part by the State Fire Office in reducing insurance miums. The establishment of the Office in 1905 brought about a per-' '• manent reduction in Dwelling rates of 33 1-3 per cent, and ill Trade Risks of '10 per cent. v ln 1923 tlier Office declared its' first Bonus Rebate of 15 per cent. The Bonus Re--bates for succeeding years were 192441955.;?:i(l per ' cent; - 12% per cent; 1934-36, 12% per cent; with an increase in the case- ; of Dwellings and Farm Buildings up to 25 per cent. Oii the Ist December, 1936, the latest Bonus Re--bate was converted into a pernuan- * ent rate reduction, and in addition > : a Distribution of Profits was made. The effect of tlie above reductions; since the establishment of the STATE FIRE OFFICE in 1905 has been to reduce premiums, in the case of Dwellings and Farm Build-, ings by from 57.33 per cent to 62.5 per cent, and in the case of TradeRisks by from 28 per cent to 37 per cent. The State Fire Office in applying surplus profits towards the reduction of premiums to its policyholders affords all the advantages of Mutual insurance without that contingent liability .on policy hold- \ . ers which is an inherent risk attached to Mutual insurance outside the State Fire Office. A CONTINUANCE: OF YOUR SUPPORT WILL' ASSIST :THK STATE FIRE OFFICE TO MAIN-.i TAIN AND EXTEND ITS "MUTUAL" SERVICE, TO POLICYHOLDERS. . ______ - f " XIF YOU DESIRE TO INSURER yYOUR DWELLING, FURNITURE AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS ANI> TRUCKS, CONSULT OUR AGENT, A. J. CM™* and Co. I Auctioneers and: Estate Agents Agent for State Fire and Accident Insurance, Government Life Insurance, State -Advances' Corporation Northern Building Society > Farm Equipment Coy. WHAKATANE