SHIPPING RISKS

Dominion, Volume 7, Issue 2225, 11 August 1914, Page 7

SHIPPING RISKS

r . POSITION IN NEW ZEALAND.. je - rr A short statement was made by the ■ Hon. F. M. B. Fisher (Minister of Mar. n inc) in the House of Representatives ye* sr terday, with regard to war risk's and' init Buranca on shipping. Mr. Fisher said that tie, could not state definitely: what' e- was being dono by the Dominion at pre»t sent, but members would be pleased to>r hear that th* Imperial Government would e- be glad ito extend- the risks to New Zea- !? <l and v and "k underwriters were consider- £ mg the position. He hoped- that a state- « ment would be made later which would ~ wst° r ? confidence, and .enable'shipping " risks to. bo carried on. g Sir Joseph Ward: lam glad the state- " ment has k-en made. The matter is one Z of .,F ea V-™P wtance and will be hailed , with great satisfaction. There would be d anxiety to know tho details when j tho Government was in a position to give them. He mentioned the case of a shipjf. per faced with worth of goods on r which a war risk conld not be obtained. He was faced with the position of either ' ' h ?,'fW£ nis-ffopds'.or.,.ranging the risk of v loss i.„ He,was.gla(J;,tqrbear, i ,the statement made by tho Minister of Marine, and the publio would be glad to know that they could insure, and would be glad to know the. rates. The Hon., Mr. Fisher: We hope to bo able to let tho commercial community know to-night definitely that the rate is p fixed;-if hot to-night the first thing to-' • morrow morning. 6 ' Prim * M'mster stated last evening -" that he_ believed a satisfactory 'arrangement with .the Imperial Government in J" rf"rnrd to marine insurances was in course ' of beine maete, but the matter had not yet ° been definitely settled. i ■ — . = ■-