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RUSH FOR INSURANCE

AGAINST PROHIBITION BRITISH BREWERS FEAR DRYNESS, I Leading (British brewers and distillers are taking out insurance policies at Lloyd’s against the possibility of Prohibition in Britain. Some of them evidently fear that Prohibition may be “ put over unexpectedly.” “Dry forces” in Great Britain are trying to make an issue of Prohibition in the General Election this year. Officials at Lloyd’s are mystified by this unexpected rush for an insurance which is ' the latest in the schedule of “freak policies.” At first the underwriters were inclined to laugh at the idea, but now they are issuing policies for large sums at the rate of five shillings for every £IOO. These represent “Odds” of 400 to 1, and in the opinion of experts are not very generous. The majority of .the insurers are men who have spent their lives in the brewing and distilling business, and the chief motive of, insuring is the possibility of a Prohibition policy being adopted when the Government changes in 1929. ■

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19290307.2.8

Bibliographic details

Evening Star, Issue 20118, 7 March 1929, Page 2

Word Count
167

RUSH FOR INSURANCE Evening Star, Issue 20118, 7 March 1929, Page 2

RUSH FOR INSURANCE Evening Star, Issue 20118, 7 March 1929, Page 2

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