MARINE INSURANCE
Possible Reduction In
Charges
(P.A.) AUCKLAND, October 22. “I think I am not unduly optimistic in suggesting that there is reason to believe that the period of heaviest destruction of Allied shipping has been passed,” said Mr W. R. Wilson, chairman of directors, at the annual meeting of the South British Insurance Company, Ltd. He added that certain powerful States, hitherto neutral, had now declared themselves on the side of the Allies, which should make some at least of the important sea routes safer than they were. With a diminution of the risk would come a reduction in insurance charges. Marine policies had figured largely in producing the year’s record income. Considerable war risk cover was being placed with insurance companies, but this would very likely diminish with an extension of the facilities provided by the Government War Risk Bureau. Mr Wilson said that the two earthquakes of June and August, affecting the Wellington province, would cost the company a good many thousands by the time all the claims had been met.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ST19421023.2.27
Bibliographic details
Ngā taipitopito pukapuka
Southland Times, Issue 24882, 23 October 1942, Page 3
Word count
Tapeke kupu
174MARINE INSURANCE Southland Times, Issue 24882, 23 October 1942, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Southland Times. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in