FIRE INSURANCE MONOPOLY.

Wairarapa Daily Times, Volume 6, Issue 1719, 25 June 1884, Page 2

FIRE INSURANCE MONOPOLY.

TO THE EDIXOI. . • Sie, —Itia quite lime that attention should be drawn to the exorbitant rates extorted from insurers by t'lQ Fife Ogmpiinjes doing business ii) llap.tevton, Wellington' District is paying a holier Tariff than any in New Maud. Morton in years gone by struck the Companies protty lioaviiy on three occasions, but llioio los'.os have been recouped with interest since then and a dondderaHe amount to spare, leaving out of the question tlie manyprevious years of: absolute immunity from fire. It is now just on six years since the last of those three ' flies occurred, and every subsequent fire, by the exertions • principally of thg Fire Bsijdo, hft'i boon cq.iliiKjd to the building in which it orig'ma.Qil, and the whole six years losses o»u bo covered by one year's premiums, amounlnig, I am reliably informed, to close on fivt. thousand pounds per annum, By this it will bj seen what a snug little investment'MistorlOii is (o them at the present lime. ; If this unholy monopoly js to be bi oken dnw:i, an effort fill oini pai| should no\y hfi maije tq sfro^then'the of the Wellington Fiiq Eo'icy Holders Assertion, aud bv our unjtcd endeavors wring justice from ihem, or, Idling that; with outside Companies to take np qur insurance at a mere reasonable 1 would suggest, Kir, a public mcoiinj being ca'lgd to consider the best steps to be taken in logard to thw matter, when, no doubt, a most influential Ojmmictee could be formed, and the assistauco of every policyholder obtained to further the above object! Hoping that some of our energfiiic Lusinesj men wiJ tJw initiative,' I remain, Three Pousds Pivs in the Hundhed.