Page 8 Advertisements Column 2

Bay of Plenty Beacon, Volume 2, Issue 191, 26 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 be continued this year, and policyholders who have been insured with the • Office for not less than one year will be credited with the Bonus Re--bate on renewal of existing insur- - ances. Under this Distribution of Profit? policyholders will benefit accordingto 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 • expiry notice, further reduces cost of your insurance. A Distribution of Profits on this liberal scale is confined to policyholders of the State Fire Office. Policyholders are reminded of the part playe_d by the State Fire Office in reducing insurance premiums. The establishment of the - Office in 1905 brought about a permanent reduction in Dwelling rates 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 Re--bates for succeeding years- were--1924-1925, 10 per cent; 1926-1933, 12% per cent; 1934-36,. 12% per - cent; with an increase in the cascof Dwellings and Farm Buildingsup to 25 per cent. On the Ist December, 1936, the latest Bonus Re--bate Avas 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.been to reduce premiums, in the case of Dwellings and Farm Buildings bj r from 57.33 per cent to 62.S 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 advantagesof Mutual insurance without that contingent liability on policj T hokl--ers 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 INSURE YOUR DWELLING, FURNITURE." . AND PERSONA!, EFFECTS, EMPLOYEES, MOTOR CARS AND* TRUCKS, CONSULT OUR AGENT,. A.J.CMM® and Co. Auctioneers and Estate Agents* Agent for State Fire and Accident Insurance, Government Life Insurance, State Advances Northern Building Society f Faris Equipment Coy. WHAKATANE ~ a/u/atfs use SYKES'S DRENCH ii V 6 Sold by oil Cheitiists< per packet and Stores 17 f. PER DOZENSSYKES'S DRENCH