FIRE INSURANCE RATES.

Nelson Evening Mail, Volume XLVI, Issue XLVI, 27 June 1911, Page 5

FIRE INSURANCE RATES.

THE STATE OFFICE CHARGES. (United Pkess Association.) GHRISTCHXJRCH, Monday. Replying to a. resolution of the City Council regarding the State Fire Insurance rates, Ma\ G. Fowllds has WJ-itten that the State uHioe is m ™> sense under any obligation to foMbw the iiatiugs of the private companies. At the same time the .State office nvust not be forced, into adopting rates which would place the ofiice in the position of mak:niKT losses. Continuing., lie sa-yfi : "Your Council seems to have ovei-Wked' the fact tha;f consequent on the coming into operatiMn of the State office Kites on the majority of lire business of the Dominions we're, reduced up to 33i per cent., •which has resulted in a saving to the people of exceedingly large sums annuaJlv. The rates so reduced have never been ■'considered adequate by the »tate offi.e. and very g'.od and substantial treasons must be advanced lor any iurther reduction even i n! spet.ial areas :on.e c.on:nci.li!or said thut if h,e had. dime he could show that the Department had acc-pied the dictation of the private offices The letter was received.