FARMERS MUTUAL INSURANCE

Dominion, Volume 2, Issue 585, 13 August 1909, Page 7

FARMERS MUTUAL INSURANCE

SUMMARY OP BUSINESS fßefemiig Forli' of'tilo/f^rmirs'^fire inßUMnc^\sdfii6iics^T^i^-•N#i'Yl^lind'^• ! 'Otago; Daily/ Tiinci".'statestliatthe; Tirana ki association now. /insures i.suine,; £194,000 worth :;prop6rtyvat',«tba'ibi^^^i"l)al i with other - iiisuranco .<^mpaip^ ment/ about :3s."..fund; (cash), :£1582. 'Djjaall«i, oh? 1 ' pVenHiim-.note's,/ eSSflti: Wsoo lncf. vnar. £1f)0. t ,; The Hawke's is ay assiicjaupn now, • insures some .£7£ppP^vaMj^'liasfi^.recentlyrtiducqd its.'rates'ro. ti.Vbasis' 'of''s!3l ! pbK\:eiit'Aon 1 'firstclass rjsks. post,, pf .raanagoinentj! Ss.'i sdi' per_cont: v Tbis-'asso'oiaiibiV-hatl'a;severe 1 loss .during jits first'. few.'■ months; but . has ,now fully, recovered' the .lost; ground .without any 'spcoial;s (j4jlji' .ii-iibtes,' i377o,v^in%'^l.;ifLosß6s; ; :last\!.ycarir'losfiv^ : xv.: y:.Tho-: Wcllingtoni /'association-. : npw . !ihsuroa over • £102,000; : ' :Sho\ving;'Cah ; 'j.ihcreaso' •;of £19,727,K-diiripg .'the'tyeari' -Thoitotal losses of this: a'ssoeiatipn sinccv.opening amount': to £600-. (last year ,being. 205./ all: paid' without special ciajl.j' v,.\ \ :;--.3?ha £131,0Cp, ; !;:sli'<iwirig ;' an' ':'- ofover' £14,000.i during tho year:.-. ,C6st". : of.. management about 2s. Gil:' pir cent. ' RiteS slightly under-ordinary rates; ; Re»ryo.;.fund -(cash), £600.' on • . pr.emijuh.'nates'; v£5115.. ■Losses last-year,: nil.: • Iw&se.s/fdpring 'four years,.; £340: V. .It -is -17011% of .'special noto that ; the':whojo,, losses ,o'f t'hqeassociations have bpen 'paidi-.and, paid promptly,. without 'any' assessment;;having'-' ; blecai, ; made .Pn ; the notes'.'-'Ylt'.-'was' the, fear,; as .assessment- -. that ■ held back many ■ farmers when those 'associations*/ wcrij started, .but. this Canadian backed by tlio i foregoing,- should; removo -Vthat 'Jfeai'. aiid indute all farmers - to. 'support their -pwii institution. ■ .- . r '/-.V. ".•/