Page 8 Advertisements Column 4

Bay of Plenty Beacon, Volume 2, Issue 192, 29 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--1 bate on renewal of existing insurances. _ Under this Distribution of Profit? policyholders will benefit according: to the length of time they have been insured with the Office up toa maximum of three years. The amount of profit credited to eacli policy, which will be shown on the expiry notice, further cost of your insurance. A Distribution of Profits on thisliberal 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 per- • manent reduction in Dwelling rates; i of 33 1-3 per cent, and in TradeI Risks of 10 per cent. In 1923 the I Office declared its first Bonus Ref bate of 15 per cent. The Bonus Re- ; bates for succeeding years were . 1924-1925, 10 per cent; 1926-1933, j| 12% per cent; 1934-36, 12% per, cent; with an increase in the case of Dwellings and Farm Buildings--up to 25 per cent.' On the Ist -December, 1936, the latest Bonus Rebate was converted into a permanent rate reduction, and in additioi* a Distribution of Profits was made. The effect of the above reductions. L since the establishment of the STATE FIRE OFFICE in 1905 has: been to reduce premiums, in the case of Dwellings and Farm Buildings by from 57.33 per cent to 62.S ' per cent, and in the case of Trade- > Risks by from 28 per cent to 37 per t cent. The State Fire Office in applying surplus profits towards the re- , duction of premiums to its policy- : holders affords all the 'advantages- , of Mutual insurance without that . contingent liability on policyhold- , ers which is an inherent risk at- ; tachcd to Mutual insurance outside [ tlie State Fire Office. , ,f A CONTINUANCE OF YOUR F SUPPORT WILL ASSIST THE: i STATE FIRE OFFICE TO MAIN- : TAIN AND EXTEND ITS "MUT- - UAL" SERVICE TO POLICYHOLD- : ERS. ; IF YOU DESIRE TO ) INSURE* j YOUR DWELLING, FURNITURE" ? AND PERSONAL EFFECTS, EM- - PLOYEES, MOTOR CARS ANI> J TRUCKS, CONSULT OUR AGENT,. ; A. J. CANNING and Co. " Auctioneers and Estate Agents f Agent for State Fire and Accident ~ Insurance, Government Life Insur--1 ance, State Advances Corporation ? Northern Building Society Farim j- _ Equipment Coy. I WHAKATANE 5 S. S. SHAPLEY 1 Registered Plumber v. y ' r Ring 209H1 e :1 ALL CLASSES OF SHEET 5 METAL WORK y 1 : ~—- J- The Station Hotel AUCKLAND 'S 1 1 (I Opposite Auckland's fine Railway Station. Situated within 3 minutesr of Queen Street, this Hotel offers a h tariff unrivalled in any part of the t Dominion. Hot and cold water and t telephones in every room, centrally n heated; whilst the appointments of ■! the reception rooms are up-to-date, t Tariff: Bed and Breakfast 12s Telegrams: "Station?!." ,