INSURANCE COMPANIES EXPERIENCE.
(Fkom Otrß Own Cobrxspondent.) CHKISTCHURCH, February 6. The destruction of the Farmers' Cooperative Association's stores at Timaru gives point to some remarks made to-day to a Press representative by an insurance manager. " "We were all badly hit last year," he said, "and we- don't want to 6ee another year like it. The fire losses in Canterbury in 1907 amounted to £119,000, *nd the next most disastrous period in the •last 22 years involved a. total lose of £64,000, you can- form some faint idea of how we fared last year. It will probably entail an actual net loss of nearly £50,000 to the companies on their business tranaetions in Canterbury. Of course, the total was swollen by some unusually big fireß, such as that at the Kaiapoi Woollen Factory, which meant a loss of £41,000, and at the Belfast Freezing Works, where there was £22,000; but all over the province fires \*ve been very numerous. "We hare fetarted
badly this year, £56,000 being dropped by the companies over the Timaru fire jesterday."
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Otago Witness, Issue 2813, 12 February 1908, Page 29
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175INSURANCE COMPANIES EXPERIENCE. Otago Witness, Issue 2813, 12 February 1908, Page 29
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