Page 8 Advertisements Column 3

Bay of Plenty Beacon, Volume 2, Issue 185, 12 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 Bonus; j. System instituted in 1936 will beJ continued this year, and policyholders who have been insured with thaf Office for not less than one year- ' will be credited with the Bonus Rebate on renewal of existing insurances. L > Under this Distribution of Profits - policyholders will benefit according t to the length of time they have " been insured with the Office up to- * a maximum of three years. The " amount of profit credited to ' each policy, which will be shown on the, S expiry notice, further reduces" the- ' cost of your insurance. • T F. ■ ' - A Distribution of Profits on this liberal scale is confined to policyholders of the State Fire Office. 5 Policyholders are reminded of the „ part played by the State Fire Of-- : ; flee in reducing insurance premiums. The establishment of the Office in 1905 brought about a permanent reduction in Dwelling, rates. I of 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* 12Y2 per cent; 1934-36, per cent; with ail increase in the case of Dwellings and Farm Buildingsup to 25 per cent. On the Ist December, 1936, the latest Bonus Rebate was converted into a permanent rate reduction, and in addition.* a Distribution of Profits was made. The effect of the above reductions: since the establishment of the STATE FIRE OFFICE in 1905 has--beeri to reduce premiums, in the case of Dwellings and Farm Buildings by from 57.33 per cent to 62.5 - per cent, and in the case of Trade* Risks 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 of Mutual insurance without that contingent liability on policyholders which is an inherent risk at- . tached to Mutual insuran.ee outside 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. i IF YOU DESIRE TO INSURE* YOUR DWELLING, FURNITURE: 1 AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS AND* TRUCKS, CONSULT OUR AGENT,. A.J pAN.MNi; and Co. Auctioneer's and Estate Agents; _ Agent for State Fire and Accident Insurance, Government Life liisur»ance, State Advances Corporation Northern Building Soci'ety t Faria * Equipment Coy. WHAKATANE T. BELL JL BUILDER & CONTRACTOR 1 EDGECUMBF. : , — t Builders hardware always on [ stock. Plans and specifications ; , prepared. ■ . Estimates Free. Phone 141 X i *i' N.Z.R. ROAD SERVICE'S f r, * 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.ls a.m. (car and. rail> 1 p.m. Sundays 1 pm. only. Auckland—7.ls a.m. (car and rail> ' 1 p.m. 1 p.m. only. Opotiki—lo a.m., 3 p.m-., 6.15 p.riu Sundays 3 p.m. only. v Gisborne—-10 a.m., 3 p.m. Sundays 3 p.m. only. Nnpicr—*7.ls a m.—Week days. - Tnuranga—4.ls p.m.—Week days-;'