MARINE INSURANCE.

Hawera Star, Volume XLIX, 18 July 1929, Page 5

MARINE INSURANCE.

SUGGESTED' GROUPING. MEAT BOARDS PROPOSAL. (By Telegraph—Special lo the Star.) r WELLINGTON, July 17. The Now Zealand Meat Export Cone twl Board is tailing a close interest in the marine insurance of meat exports, it recently took up successfully a complaint of prohibitive rates on boneless beet, and aibo-ut a year ago it made a general aiu-angement with the insurance companies regarding rates for insurance of sliipmejits under which. gome ooncesisions were. made. The board now contemplates a further venture into this field. It lias circulated all freezing companies and meat exporters asking their opinion whether they would agree to placing ail marine insurance through one channel, that of the Meat Board, as this grouping would, it is argued, result in reductions in premiums. The board does not indicate that it willl actually carry out this policy, it merely seeks to know the views of those concerned.

Inquiries in shipping circles suggest that there is a fairly severe competition against the tariff companies in regard to marine insurance and that the meat trade is not likely to be unanimous in approving of the Meat Board’s plan, owing tq the excellent terms available to individual insurers.