Page 8 Advertisements Column 3

Bay of Plenty Beacon, Issue 2, 8 July 1940, Page 8

. ,; PUBLIC NOIJICIE r /* f ' THE GOVERWJWEISITf STATE FIRE INSURANCE! OFFICE DISTRIBtffIfOINOF FORi' YEAR 1939-1940. iwt--- ■': i ii TO POUCITHbIiDERS. You will be 'pletfsed.^o'kho*y lhat r the Bonus;; System instituted in 1936 will liecontinued this year, and policyhold-* ers whofhave,been insured with theOffice for , no}' less .thyail one yearr. will be credited with the Bonus Re—' bate, on, of existing insurances., •'£ (■ f *r? ■ ••••• Under this Distribution- of Profits' policyholders will benefit according, to the length of time they have been insured, with the Office, up to a maximum of three amount of profit credited to each ' policy, which will be shown on tlieexpiry notice, further reduces the-, cost of your insurance. A Distribution of; Profits on thisliberal. scale is confined to policyholders of the State Fire Office. Policyholders are reminded of thepart played by the State Fire Office in reducing insurance premiums. The establishment of the \ Office in 1905 brought about a per- - manent reduction in Dwelling ratesof 33 1-3- per cent, and in TradeRisks of 10 per cent. In 1923 the Office declared its first Bonus Rebate of .15 per cent. The Bonus Rebates for succeeding years were--1924-1925, 10 per cent; 1926-1933,. per cent; 1934-36, percent; with an increase in the caseof Dwellings and Farm Buildingsup to 25 per cent. On the Ist Deo- * ember, 1936, the latest Bonus Rebate was conyerted into a permanent rate reduction, and in a Distribution of Profits was, made. The effect of the above reductions--since the establishment of the STATE FIRE OFFICE in 1805 has been to reduce premiums, in thecase of Dwellings and Farm Buildings by from 57.33 per cent to 62.5per cent, and in the case of TradeRisks by from 28 per cent to 37 per cent. The State Fire Office in apply r ing surplus profits toAvards the reduction of premiums to its policyholders affords all the advantages, of Mutual insurance without that contingent liability on policyholders which is an inherent risk attached to Mutual insurance outside- t the State Fire Office.. A CONTINUANCE OF YOUR SUPPORT- WILL ASSIST THE" STATE FIRE OFFICE TO MAINTAIN AND EXTEND ITS "MUTUAL" SERVICE TO POLICYHOLD— • ERS. IF YOU DESIRE TO INSURE YOUR DWELLING, FURNITURE: AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS AND* TRUCKS, CONSULT OUR AGENT,. A. J. rAMIKG and Co. Auctioneers and Estate Agents Agent for State Fire and Accident Insurance, Government Life ance, State Advances Corporation Northern Building Society Faria Equipment Coy. ( , WHAKAfANE ROAST BEEF of Old England Builds Boys of the Bulkteas; Breed. 'WT' Prime Beef, Pork, Hutton. Service and Delivery. Ring I C. A: TIMBS & SONS THE STRAND, WHAKATANE The Station Hotel AUCKLAND Opposite Auckland's fine Railway Station. ( Situated within 3 minutes . of Queen Street, this Hotel offers a tariff unrivalled in any pprt of the ] Dominion. Hot and cold water and ] telephones in every room, centrally heated; whilst the .appointments of the reception rooms are up-io-dat«r. Tariff.. Bed/ ~and* Blreakfast 12jj 6i. Telegrams: S - •. Ring No. 10 for that next Printing order. Bracon Box 7.