WAR RISKS INSURANCE
DIFFICULTIES IN THE WAY CONSIDERATION BY BRITISH GOVERNMENT [British Official Wireless! (Received 29th November, 11.5 a.m.) RUGBY, 28th November. Addressing the Insurance Institute in London Mr Walter Elliot, Minister of Health, drew attention to the difficulties in the way of a scheme of insurance against war risks. He said it was a subject to which the Government was giving much thought and a statement would be made at an early date by Sir John Simon, Chancellor of the Exchequer. A contingency of this kind was qutie outside the scope of insurance as normally understood, that is to say a system of graduated premiums carrying with them the right to full compensation. Full compensation implied compensation in goods, not in paper, and no one could say whether sufficient goods would be available f.or the full replacement which insurance implied.
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Nelson Evening Mail, Volume LXXII, 29 November 1938, Page 5
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141WAR RISKS INSURANCE Nelson Evening Mail, Volume LXXII, 29 November 1938, Page 5
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