THE AVERAGE CLAUSE.

Auckland Star, Volume XXVI, Issue 111, 10 May 1895, Page 4

THE AVERAGE CLAUSE.

(To the Editor.)

Sib, —In reply to* your correspondent "Average Clause," may, I be .allowed to explain that the 'example cited by the Chairman ab the recent meeting of fire insurers was this.:—" A merchant, holding a stock of £10,000, insures for £5,000. A fire occurrs and destroys £5,000 worth of stock, the insurance company will pay him £2.500." ■

The point is this—bhe merchant inaures for £5,000, and.pays the Insurance Company a premium on thab amount. He has, therefore, the right to expecb from them £5,000 in the event of loss to that exberib. No amount of sbphietry can get over this. As for his being undei-insured, surely this tends to secure bhe Insurance Company i againsb carelessness or lack of proper pre- [ cautions. , ■■■/-■ " . If^youricorrespondenb, instead of adopt- ! ioga npm de plume, .had. signed hia.name, I*6rreferred to me,; there would have beein no I becasiottitb trouble you in the matter.—l |ai_, etc., ArcudaleTayleb, ] j Acting Secretary, I - Fire Insurers' Protection Assn. J I May 9.1895. ;

The young man, John Quinn, arrested yesterday ona charge of assault on Thomas F.oley, the proprietor of the'Shakspero Hotels alleged to have been committed on Tuesday night in the Queen's Ferry Hotel, Vulcan Lane, was braugbb up yesterday afternoon, beforo Mr, C. R. Tylden, J.P. The accused applied for a remand till the 17th irist., and as no objection was offered by Chief-Detective Grace, who appeared for the police, the application was gran tod. Bail was allowed, in one surety of £100 and one of £50. - \ • . . . ,

An Irishman appeared at his work one day with his eyes blackened, his clothing torn, and in a generally used up condition. 'Where have you been?' he was asked. ' Sure,' he replied, ' and I have been to a wedding.' ' You moan you have been to a wake?' 'No, ib was a we,dding. As I went in I tneb a man with a longbailed coat and a white waistcoat and lavender trousers. "Who..are you?" saya I. "I am the best man," says he; and after events proved that he told the truth.'

*'What time of night was it you saw the; prißon*er in your room ?' asked the defendant's attorney in a recent) suit. 'About three o'clock.' 'Was thor'e any light in the room ab the time?' 'No, sir. Ie was quite dark:' .'Could you see your husband at your side?' 'No, sir.' 'Then, madam,' said the attorney, triumphantly, ' please explain how you could see the prisoner and could nob see your husband.' 'My husband was ab tho club, 6ir.'

Jones : That's a fine horse you're leading Patrick; he carries his head. well. Pat: That's true ; an' it's a grand tail thab ho carries behind him. Jones; Behind him*-? Don't everything thab carries a.tail-carry ib behind ; him ?' Pab : No, yor honour. Jones: No; whab don'b? Tab: A halfpenny, sure, carries its tail on one side and its head en the other. <s . THE LATEST BOGIE. Oh, its hush, hush, hush! Here coiues tho weather man! He carries an icicle for a club: he'll freeze you if ho can; We would rather have our winter furnished on the instalment plan; But it is brrr, ugh, brrr! Hero comes the weather man! In capital offences slipknotism is the besb cure for hypnobism. - .