NEW INSURANCE SCHEME
UNANIMOUSLY ENDORSED
'By Telegraph—Per Press Association.!
WELLINGTON, Aug. 29
A far reaching scheme of insurance was brought before the City Council last night. It is proposed that all municipalities of New Zealand unite for the purposes of insurance under the Municipal Association of New Zealand, and that each .body conjberned enters into a. contract to provide it 3 proportion of the financial guarantee according to a basis to be arranged. The scheme means that all private company insurances would bo dropped, and -all municipalities would pool’ their' resources and risks in a common insurance combine of their own.
The Mayor stated that had thn been done ten years ago a saving of a hundred and seventy-one thousand would have been effected in Wellington .
The Municipal , Conference has ajjproved of the proposals, and as legislation is required, a Bill will be drawn up which the Government will be asked to put through this session. The scheme was unanimously endorsed by the Council.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19290829.2.76
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 29 August 1929, Page 6
Word count
Tapeke kupu
164NEW INSURANCE SCHEME Hokitika Guardian, 29 August 1929, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in