INSURANCE.
To the Editor of ike Evening Slav. Sir,—l was glad to see in your paper of tbe 12th inst. a letter about the exorbitant rate of premiums charged by the fire insurance companies in Dunedin. I think, as your correspondent does, that 40s per cent, is ample. Novy, sip, the fiest tfiing q-e Wfio have 'house* ajul stock cm dq be to ask-tbe companies to reduce the premiums to 4Qa or say 50s per cent., and if they refuse, let us form a oompmiy (say 2000 op 3000 si)area, at Lq pep gfiqrp), pay f*os op allotment, thq next call tci he made *about one or two month 3 afterj then, with the premiums, moat likely we should not be culled on for the balance. How seldom do
we Jiaye. a tire! and where do you find a tovfti sd WeU, supplied with water as Dunedin ? I believe many would insure if the premiums were lower who do not now. 1 have houses not insured because of the high rates, and I know there are others similarly circumstanced. Hoping some able person will take the subject up and carry it out, I am, &c., One who only Insures Half of his Property. • Dunedin, August 15.
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Evening Star, Volume VIII, Issue 2270, 16 August 1870, Page 2
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206INSURANCE. Evening Star, Volume VIII, Issue 2270, 16 August 1870, Page 2
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