ABSOLUTE SECURITY.

Wairarapa Daily Times, Volume 5, Issue 1524, 1 November 1883, Page 2

ABSOLUTE SECURITY.

[TO THE EDITOR,] Sir,—The Government Insurance Department has deemed it wise to issue a placard setting forth" absolute security" offered by it, and calling marked attention to tho disastrous failare of many English Insurance Companies, but strangely enough omitting all reference to the recent failure of one of its own branches. Many peoplo aro wondering whether or not one of those disastrous failures are imminent in this country, and are anxious to know when the Commissioner will explain why he was unable te carry on the Industrial Branch, Thoso in tho community who think look with grave suspicion upon an institution—a portion of which has failed to meet its engagements, aud beliovefcho taint has affected more than tho amputated part, and would fain see au enquiry into tho whole affair, though, no doubt, the Department does not wish this, and hopes that it will bo forgotten beforo Parliament again assembles. Let the taxpayers remember that tho "absolute security" offered is themselves—the taxes they pay, their property, and all their belongings —let the taxpayers remember that %aro pledged to the payment of the onormous liabilities the Department is piling up, and that out of their pockets must come any deficiency which bad management or erronious calculations may cause; let them remember that the" absolute security" offered to insurers may mean absolute insecurity to themselves, and then say if they are prepared to quietly, let this state of things go on, Let us hope that tho members for this district will tako tho matter up, and move for a rigid scrutiny into the business of the Department, and the causes of tho failure of one of its branches, and that tho result will be published for the information of thoso who furnish the "absolute security" so loudly insisted upon hj the Department, and if necessary get tho Department itself abolished. I am, ifec., A Taxpayer,