INSURANCE OF BUILDINGS.

Press, Volume LXVII, Issue 20178, 5 March 1931, Page 9

INSURANCE OF BUILDINGS.

earthquake risks. SUGOESTSP NATIONAL SCHEME. The proposal to establish a national earthquake insurance fund, brought up a month ago by Mr J. H. Shaw, (Mayor of New Brighton), was further discussed by the executive of the Cfenttrbury Progress League at its meeting last night, and Was referred to o committee for consideration and re-* port. The meeting was presided over by Mr James Garr, president of the League.

-Mr Sliuw said that owing his absence frpm town he had wot been able to go into the matter minutely, op to bring down figures. His proposal was that a small additional premium should be paid by all payers of Insurance premiums, tho additional premiums to be earmarked for earthqu&kti insurance. About £3,000,000 was paid yearly i» ' premiums, and If the proposal were given effect to a. trenjeudoug fund Would be accumulated in a few ywfl&uuh a fund would effect ft great saying in the raising, of money to repair (•art-hqtiiikfl damage. He moved: ''That a special committee b« s«?t U P, to sider the matter &nd report thereon. Mr 0. If. Clibborn said that Mr AE. Jtill, M-P. for. Wp.ipp.-wa, had suggested a similar scheme, and he< understood that the Prima Minister hftd promised to examine it. Tha caw might be met if the» League gave it« support to Mi Jull'b proposals.. Mr G.Magitinese eaid. that MrJull B' SGhemo proposed the railing of a loan in London for "the rebuilding of Napier and Bastings, and not for thie repair of damage to any other district; visited by nn earthquake. He questioned whether it .was Wfoft to advertise throughout the world that in New Zealand they were anticipating another earthquake and were preparing for- it, and whether it would have ti stabilising or afl opposite effflttj Mr tforbeij freeetitly had spoken against - taxation for a' spediiU purpose, his referents larly to the petrol tax- They all knew what had Happened to it. ■ Mr F. W. Johnston mid that the inoidenoe of Mr J toll's atld Mr* Shfcw's schemes w«s unsound*. Many wealthiest Arms carried theif 6wn irtsurauce; other firms only: half inStired: tind it was frery offeA the poor ifi&ii, who could pot stand a loesj'who' ini snred fuHy. ThepropoaaJ waa'unaound i becstifto i M? H. W. Heslop supported Mr i Shaw* ahd said that df i people who did not insure was 6thall, , and mgst of those who; insuriajl did sp; to the full ifttrafabfe value;-., He did, i not think that, if Bli£h sC futid as prdI pcsed ware set up, nnj r GoVeinmeat I WoUld dare to dirort it»* r ; », , ' I Mr R. T. MoMillan r said thkt It ~was a rather dttjigfefdus thing to a& -the. GovartJiiMSitt • id inipoge furthefc t&is- - BchetoawauJd Jjiviittt ba, optional, as he MSuitipd' tfcafclfchar,B were ports of the Dominion mafe.stihSeefcvto darthquakea ihasiother -;#fcrtis. - Mr <T. p. Hall said tlJatthe subject whs worthy Mr Jdhtittati. explained thatha.wap in farour of theprppottal, andLhad only I-uinted oat sb«t ai®oulti«s. The:*ohefiio ttttild be anotjanal i[jn® r - and: r all pjlld contribute. . , , t * , ' Th# motion waa ag«sed -t&iutff tb£ i in fitter was referred t<> the LMWH&** Finance Commitiacj with. <l{ivvohair ftpdea to iti. ,f jAM f foeviously acknowledged 3||rE^ Staiff aiwl bf Ifyld- t \}\ , .'hcrat School' 3' 0 ■ Fifth Installment Christ* J * s dHttWih Zteipittl ' , 5S staff ,v , Z 10\ ' Jy> f ' ' The 3rd was it ddnalioh ffdm itHpLftb ana at ,tha! Wharentii '49phoo^ .by the jSookl Copaieittep^eon^ RELIEF 'SI/-,-4 LUCY > v* I V ' 4 ,1' Tho proceeds of' a ijsLopessfui v «wa.^ certV:fci*46 'W Cowan, in,the ing,, "will.'be lund' for the «F> thd' Hawke'n, flajr attended enjoyed; 1 a gramme, and wete interested' .appoaraoda Mi ft : ww " Js* j OajwUWfc'l aMihe? Kfcfl9* b&i £rt. Ily Ths » ,,JI .*» M liliamt.: bong, "A. Hole in tha Juanita Manhire; . Frayl®J Doris O'Hallerran; hunKxrous Tfe, cita,l, selected, Mr BtmaW Foster, sung, "Nl B litir«alo irt „ J^ no .. Sanderson), Miss ®® e _. Shakespearean recital, { Juliet, 1 ? Mlipiel- HttWhinsoh \ Vilissw lUfl* Mrs Claim Priddn Lndy Mr* Kdith X?ow«ni' »Pg. WmJi JJ MO Only" (jQn Iter), Mr »Mf t Jan? (his FiW, Aeklba: Miss !R Btitjfer;- John (her. husbtmd): Mr WilliaßW. T,he nccompanist was Miss -Margery, Alesandcr, JIBLBOUKNE « 4 ABGLS" FUND CLOfSJJD. - # .