Page 8 Advertisements Column 3

Bay of Plenty Beacon, Volume 2, Issue 182, 5 July 1940, Page 8

PUBLIC NOTICE THE GOVERNMENT STATE FIRE INSURANCE OFFICE DISTRIBUTION OF PROFITS FOR" YEAR 1939-1940. TO POLICYHOLDERS. You will be pleased to know that the BonusSystem instituted in 1936 will hecoritinned this year, and policyholders who have been insured with theOffice for not less than one yearwill be credited with the Bonus Rebate on renewal of existing insure ; ances. Under this Distribution of Profits - policyholders will benefit to the length of time tliey have been insured with the Office up toa maximum of three years, Theamount of' profit credited to eachpolicy, which will be shown on theexpiry notice, furthe.r reduces thecost of your insurance. A Distribution of Profits on liberal scale is confined to policy-'-holders of the State Fire Office. Policyholders are reminded of the ■ part played by the State' Fire Office in reducing insurance premiums. The establishment of the • Office in 1905 brought about a permanent reduction in Dwelling ratesof 33 1-3 p'er cent, and in Trade Risks of 10 per cent. In 1923 theOffice declared its first Bonus Re-* bate of 15 per cent. The Bonus Rebates for succeeding years were 1924-.1925, 10 per cent; 1926-1933,. 12% per cent; 1934-36, 12% per cent; with an increase in the caseof Dwellings and Farm Buildings up to 25 per cent. On the Ist Deoember, 1936, the latest Bonus Re—, bate was converted into a permanent rate reduction, and in additiona Distribution of Profits was made. | The effect of the above since the establishment of the STATE FIRE OFFICE in 1905 has--been to reduce premiums, in theease of Dwellings and Farm Buildings 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 i contingent liability on policyholders which is an inherent risk attached to Mutual insurance outside the State Fire Office. A CONTINUANCE OF YOUR SUPPORT WILL ASSIST THE: STATE FIRp; OFFICE TO MAINTAIN AND EXTEND ITS "MUTUAL" SERVICE TO POLICYHOLDERS. IF YOU DESIRE TO INSUREYOUR DWELLING, FURNITURE" AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS ANDTRUCKS, CONSULT OUR AGENT,. A. J. r.ATiXING aid Co. Auctioneers and Estate Agents; Agent for State Fire and Accident Insurance, Government Life Insuiv ance, State Advances Corporation Northern Bijilding Society f Faris* Equipment Coy. WHAKATANE „ N.Z.R. ROAD SERVICES MOTOR SERVICES , CARS DEPART WHAKATANE FOR: Rotorua —7.15 a.m; 1 p.m; 4.15 p.m. Sundays 1 p.m. only. Hamilton —7.15 a.m. (car and rail} 1 p.m. Sundays 1 pm. only. Auckland—7.ls a.m. (car and rail}* 1 p.m. Sundays 1 p.m. only. Opotiki—lo a.m., 3 p.m., 6.45 p.m*. Sundays-3 p.m. only. Gisborne—lo a.m., 3 p.m. Sundays 3 p.m. only. Napier—7.ls a.m.—Week days. Tauranga—4.ls p.m.—Week days.