INSURING NEW WARSHIPS.
An interesting sidelight upon the production of warships for the Royal Xavy was contained in the "Times" financial columns a few days ago, says the "Army, and Xavy Gazette," where it was announced that insurances amounting to a million sterling had been placed in the London market in respect of one of the British cruisers to be built in private yards. These insurances are the first of the kind that have been effected in the market for some time. Presumably, says the writer, the armament will also be insured while under construction, and this should involve insurances amounting to more than £500.000. Incidentally. ,the fact that shipbuilders insure their new warships until the latter are handed over to the Admiralty indicates how wide is the area of business and employment created "by such a contract. It is by no means only the town where the ship is built which benefits, nor the trades or professions directly concerned in shipbuilding and armament production.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19250319.2.84
Bibliographic details
Auckland Star, Volume LVI, Issue 66, 19 March 1925, Page 8
Word Count
165INSURING NEW WARSHIPS. Auckland Star, Volume LVI, Issue 66, 19 March 1925, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in