POLITICAL POINTS.

Taranaki Daily News, Volume LII, Issue 232, 5 November 1909, Page 4

POLITICAL POINTS.

LANDOWNERS_ANU LAND TAX. Tlie following return \v«s tabled in tne pavinenU ot tana ia-1. . , 1 v number who pay i«uiu s^hifwr-s: ,C 4, 182-1; w t0 eß°7n - SIM; -CIS to ,t7, tißl>; 17 to £B. 7- , i-s to :C!>, 558; £9 to ill), 4SB, fc |0 | Ito til. -U.>; £ll to d-12, 4-8, £l2 to 1113 421 ; .Cl 3to t'l4, 324; J-U to tl'i -'BS; .CIS t° 1# > 251 > ,° m 18-'- .CIS to *l9, 173; *l9 t-» ti ; 89 JMD to *25, 531; 1530 to Tju 44- £35 to £4O, 250; £4O to its' 155; £45 to £SO, 152; £SO to :t(>o! 191; £OO to £7O, 144; £7O to CBO 120; £BO to £OO, 03; £OO to ' fl.no 77- £IOO to £150,232; £l5O to | Ci'Dtl' 121; £'2oo to £250, 73; £250 to L';vi!)' ;)!); X3HO to £350, 20; £350 to tj.jiHl. )0 ; ;C4OO to £450, 20; £450 to £51)0, If- £SOO and over, 113.

MAORI WAR VETERANS. l<ichard Langman. of Xew Plymouth, i r - petitioning the House, through Ml. OkvY, for compensation in the shape of a pen-ion or otherwise for a wound u>ceived in the Maori War. Wililam Edgecoiube, of New. Plymouth, petitions for a land grant in recognition of his services in the same struggle.

MI'TL'AL KIRK IXSfRAXC'E BILL

The Mutual Eire Insurance Hill, which has been introduced bv Mr. Dive, is designed to enable mulnal life insuram ,n associations to issue policies on the share pvim-iplo. Premium notes run out everv three veal's, and necessarily at different /late*,'computed from the times wlien the insurances were efTected, and the liability under them diminishes after each of the three years circumstances which ooviouslv tell against the financial stability of the associations. Tt is felt that their financial position would be more assured if tliev were permitted to issue snares the liability under which would not terminals" at short and varying periods. Moreover, the associations could more i-caililv borrow any necessary moneys if they 'could give as security the unpaid calls under those shares. The borrowing 1 overs under the Bill are, however, caisi!illy restricted in like manner as in tho 'Mutual Eire Insurance Act, 1908—viz., tee amount borrowed must not exceed one-half of the unpaid -calls under the share*, and must be expended solely in paving ascertained fire losses.

.MUTUAL ACCIDENT INSURANCE. Under the "Mutual Accident Insurance Bill, which has been introduced by Mr. B. Dive, any mutual fire insurance association may insure against accident rcsulling in lo?s of life or in bodily injury, or against disease, disability, or any change of p'hvsical or mental condition; r.yainst. employers' liability against cirm."« nrder section 41 of the Workers' Compensation Act. ISMS, taking precedence of mortgages, charges, or encumbrances lawfully existing. Insurance shall not be effected on fhc premium 1 note nr share principle. The amount in v-hieh a member is injured shall 'ne taken into consideration in determining the j Miniber of votes to which he is entitled jat meetings. As regards the net profits, ! it in provided that they shall form part lof tlie g. ncral funds. All the property

and assets of the association shall he liable for all losse«. but no member shall be liable otherwise than to llie extent of the amount unpaid upon his premium notfl or undertaking (or shares) issued in respect, of fire insurance, Monev lawfully borrowed by the association mav be applied in payment of ascertained nvsps in connection with insurances effected under this Act. as well as in payment of ascertained lire losses. The reserve fund may lie applied to pav ofT liabilities under this Act not met bv ordinary receipts. Provision is also pro'HM'd sio iha I I lie Governor may make certain regulations.