Page 8 Advertisements Column 6

Bay of Plenty Beacon, Volume 7, Issue 65, 18 April 1944, Page 8

PUBLIC NOTICES STATE FIRE INSURANCE OFFICE AGAIN REDUCES RATES OF INSURANCE TO THEIR POLICY HOLDERS REDUCTIONS ANNOUNCED A new schedule of rates has beeutadopted by the State Fire Insurance Office and will come into operation in respect to wooden dwellings on March 1. Because of the great amount of. work involved in adjust-* ing premiums and, the extreme shortage of staff, it will not be practic- ; able, it lis stated, to apply new rates, for other risks until later. "The new rating schedule for wooden dwellings reduces the present three grouping classes to two, and abandons all loadings for contiguity which have applied in the past/' stated the Minister in chargeof the 1 State Fire Office, the Hon. D. Wilson. "In addition, the present maximum State Fire bonus rebate granted to policy holders of ' three years' standing has been made a permanent rating reduction. The effect of the new schedules on rates, will vary and will be the greatest in connection with wooden dwellings, situated in groups. There will be no increases." As an indication of. the effect of the new system of rating on a. S wooden dwelling an Wellington situated in a full group of other dwellings., the Minister said the new rate would be 4s 3d per cent, as, J against the present rate of 6s per cent- charged to a State Fire pol- % icy holder of three years' standing. Where trade risks formed part of thegroup, reductions would be greater.. It was not possibe at present to estimate the average percentage reduction over all, but it would be n substantial. ■" "In addition to reductions under the new rating schedule, the StateFire Office will as from March 1 1 give to its policy holders on renewal a bonus rebate of 10 per cent on ' all wooden risks and 15 per cent orb all brick risks; these rebates to apply universally, that is, to bAth dwellings and all other classes of business," added the Minister. The State" Insurance —Your owii office has reduced rjftes in Fire Accident and Motor Car Risks. Insure with the State and receive--1 the. benefits of these reductions. A J TANNING : and Co. STATE FIRE, MOTOR CAR ANB» ACCIDENT INSURANCE OFFICE* AGENTS. 1 - HIMtiER "I Wmm HARDWAREand S5 n soned Tim- 55S nn ber in various weights. wan Consult us for all Timber re- JJJJ quirements. 25 • BOON SULLIVAN LUKE LTD. I Builders, Timber and Hardware Merchants WHAKATANE —'P ho ne 1 9 \ ROAST BEEF of Old England* } Builds Boys of the Bulldog 4 Breed. I Prime Beef, Pork Mutton. - C. A. TIMES & SONS THE STRAND, WHAKATANE PHONE 183. NOW dismantling Chevrolet 4 and! 1 6, Plymouth, De Soto, Morris Oxford, Pontiac, Essex Challenger. Parts - available. Model A Ford motor over-* - hauled, crown wheels, pinions, starters, generators, springs, lamps, door - glasses, axle sets for trailers. Cadman's Parking Station. I