INSURANCES ON THE WAIRUNA.

Taihape Daily Times, 2 March 1918, Page 3

INSURANCES ON THE WAIRUNA.

The Auckland Herald states:—lt has been ascertained on inquiry at local insurance offices that the insurances on the hull and cargo of the Wairuna, which was sunk by a German raider in the Pacific, nave been paid, the payments having been made •by the companies holding the war risk and those holding the marine risk, the contributions being equal. The Court of Inquiry held in respect of the vessel satisfied the English and colonial offices interested of th e vessel's loss and the payments were made on the understanding that when a decision is arrived at. as to whether a ship was destroyed as the result of an ordinary marine mishap or an act of war, an adjustment should be made. In regard to the Burns Philp Company's steamer, Matunga, which was also sunk, it is understood locally that no insurances have been paid on this vessel or her cargo, as the Court of Inquiry set up to investigate her disapearance adjourned without coming to a decision. Life and workers' indemnity policies in respect to several officers and members of the crew of these vessels are held by local insurance offices, but as far as can'be ascertained no payments have been made.