AIR RAID DAMAGE
INSURANCE DIFFICULTIES IN BRITAIN. By Telegraph—Press Association—Copyright LONDON, July 18. The President of the Board of Trade, Mr Oliver Stanley, stated in the House of Commons during the debate on the War Risks Insurance Bill that the Government could not take the responsibility of conducting a scheme of insurance against air raids in war time, because the estimated insurable value of the British property, machinery and furniture that could be damaged was £12,380,000.000, working out at £275 per capita. Nevertheless, the Government was instituting an inquiry into the possibility of a scheme of mutual protection of property on a contributory basis affording compensation at the earliest possible time after damage he said. The Government might assist financially. The Bill was read a second time.
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Wairarapa Times-Age, 19 July 1939, Page 5
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127AIR RAID DAMAGE Wairarapa Times-Age, 19 July 1939, Page 5
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