Page 8 Advertisements Column 4

Bay of Plenty Beacon, Volume 2, Issue 189, 22 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 System instituted in 1936 will becontinued this year, and policyholders who have been insured with theOffice for not less than one year will be credited with the Bonus Rebate on . renewal of existing insurances. . Under this Distribution of Profits policyholders will benefit according- ; to the length of time they have been insured with the Office up toa maximum of three years. Theamount of profit credited to each policy, which will be shown ,on the expiry notice, further reduces thecost of your insurance. ' ■ A Distribution of Profits liberal scale is confined to holders of the State Fire Office. Policyholders are reminded of the part played by the State Fire Office iji reducing insurance premiums. The establishment of tlie ■ Office in 1905 brought about a permanent reduction in Dwelling rates. . of 33 1-3 per cent, and in Trade Risks of 10 per cent. In 1923 th& Office declared its first Bonus Rebate of 15 per cent. The Bonus Rebates for succeeding years were 1924-1925, 10 per cent; 1926-1933, 12 3 /£ per cent; 1934-36, 12% percent; with an increase in thecaso of Dwellings and Farm Buildings up to 25 per cent. On the Ist Deeember, 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 lias; 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. i 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 policyholders which is an inherent risk -attached to Mutual insurance outside the State Fire Office. A CONTINUANCE OF YOUR SUPPORT WILL ASSIST THE: STATE FIRE OFFICE TO MAIN--TAIN AND EXTEND ITS "MUTUAL" SERVICE TO POLICYHOLDERS. IF YOU DESIRE TO INSURB YOUR DWELLING, FURNITURE AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS ANI> TRUCKS, CONSULT OUR AGENT,. A J PANNING and Co. Auctioneers and Estate Agents Agent for State Fire and Accident; . Insurance, Government Life Insur* ance. State Advances Corporation Northern Building Fairis* Equipment Coy. WHAKATANE . '• T•BELL BtJILDER & CONTRACTOR EDGECUMBF. Builders hardware, on stock. Plans and sp&plications prepared. ; Estimates Free. * Phone 141 X WISH WINN Gent's Outfitter and Mercer Whakatane Hotel Buildings ■ Representative stocks of:— f Sincerity Suits Summit Shirts I Parisian Ties 9: Domo Belts and Braces and ALL Working Men's lines : "THE LITTLE SHOP WITH THE BIG VALUES'* I ; • . -