CANNY CRICKET: PLAY OR PAY!
After the rain of yesterday summer coquettishly returned today to give the English cricketers the welcome they deserve, and to relieve the minds of the people who insured the Cricket against rain. Yesterday's weather cost the insurance organisation £500 and cost cricket a lost day. The cricket community would certainly have preferred the play to the pay, but the cheque for £500 will at the same time be a substantial consolation stake. There are people who hopg for a great extension of the insurance principle. They-even hope that economics will evolve a method of insuring basic capital against loss. As interest on capital is in part a return for the capitalist's risk of loss, the successful insuring of capital against .loss should mean a low rate of interest for insured capital—the less the risk taken, the less the demanded return. But the risks to capital are many and diverse especially the political risks. On the whole, the weather is less changeable, and those who insure against it need fear no human manipulation —unless, indeed, rain-making bv agency of- man shquld become an established practice. In that case the proximity of a sports, ground insured against rain, .and a farm insured against drought, might cause complications. '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330322.2.26
Bibliographic details
Evening Post, Volume CXV, Issue 68, 22 March 1933, Page 6
Word Count
210CANNY CRICKET: PLAY OR PAY! Evening Post, Volume CXV, Issue 68, 22 March 1933, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.