BRITAIN’S RAID LOSSES

Nelson Evening Mail, Volume 76, 25 October 1941, Page 5

BRITAIN’S RAID LOSSES

> Property loss in Britain through air | | raids in the first 2 years of the war is | estimated at 480.000.000 dollars by the ! I "Economist.” the well-known British J ' financial journal. i The estimate is based on figures pro- i 1 vided by a prominent insurance com-j , ' pany, which revealed its losses to be ,3J per cent, on extensive real estate J ' holdings in Greater London. Since j | damage in London had been more ex-i ■tensive than elsewhere, the “Economist” : set the percentage for the entire [ ; I country at 2 per cent, of the estimated i real estate values of 24,000,000,000 j ' dollars. Insurance is compulsory for manu- j ; faclurers, traders, and farmers in Bn ; 1 lain. In addition, the Government ha- j . i provision for free compensation ‘c i , j householders up to GOO dollars for singly j persons and 1,200 for married couples! with 300 dollars additional for each j child under 16 years.--(‘New York j i “Herald-Tribune,” 2/9/41 >.