SHORTAGE OF WATER
INSURANCE RATES TO GO UP. DUNEDIN, Dec. 16. Unless the Dunedin City Council remedies within reasonable time the efficiency of the water supply, rates on all insurance' risks in the city will be increased. That course has already been decided on by the insurance underwriters of New Zealand. The decided policy throughout New Zealand is tout when risks are increased by a continued shortage of water, the rates must be increased. ‘The decision to increase the rates is official.” said a leading insurance company manager to-day, “but nothing will be done until such time as the Corporation has been given an opportunity of improving the water supply. If that is not done within reasonable time, the rates lor the whole city will go up.” The announcement follows the statement from "Wellington that a readjustment is being made of the rates throughout New Zealand. Questioned as to this announcement, the Dunedin manager said that it was not to be a general increase. The readjustment was to be made on risks in which the losses had been abnormal over the last twenty years, but in the majority of risks there would be no alteration.
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Hokitika Guardian, 18 December 1929, Page 6
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195SHORTAGE OF WATER Hokitika Guardian, 18 December 1929, Page 6
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