MUNICIPAL INSURANCE
FAR-REACHING SCHEME PROPOSED BEFORE WELLINGTON COUNCIL Press Association WELLINGTON, Today. A far-reaching scheme of insurance was brought before the City Council last evening. It is proposed that all the municipalities of New Zealand unite for the purpose of insurance under the Municipal Association of New Zealand and that each body concerned enters into a contract to provide its proportion of financial guarantee according to a basis to be arranged.
The scheme means that all private company insurances would be dropped and all municipalities would pool their resources and risks in a common insurance combine of their ow-n. The Mayor, Mr. G. A. Troup, said that had this been done ten years ago a saving of £172,000 would have been effected in Wellington alone. The Municipal Conference has approved the proposals and as legislation is required a Bill has been drawn up which the Government will be asked to put through this session. The scheme was unanimously endorsed by the council.
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Bibliographic details
Sun (Auckland), Volume III, Issue 754, 29 August 1929, Page 10
Word Count
162MUNICIPAL INSURANCE Sun (Auckland), Volume III, Issue 754, 29 August 1929, Page 10
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