MARINE INSURANCE RATES.
A-V UNEXPECTED lUSE. By Telegraph—Press Association, Wellington, Last Xiglit. Au unexpected rise in insurance rates was announced t<i-tla,y. Mr. 0. ]{. liondatl, president 0 [ the Underwriters' Association, received a cable from Londnn stating that marine insurance via the l'aiuima and Mediterranean had been increased from thirty shilling* to sixty shillings per cent. Replying to enquiries, local insurance managers are unable to throw light on the rise, though one hazarded the opinion that possibly a submarine has appeared in a fresh zone, remarking that when a German raider was operating in the Atlantic insurance rates rose and similarly lowered when the danger was removed
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Taranaki Daily News, 4 July 1916, Page 4
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105MARINE INSURANCE RATES. Taranaki Daily News, 4 July 1916, Page 4
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