INSURANCE IN JAPAN.
EARTHQUAKE CLAIMS.
10 PER CENT. MAY BE PAID.
LOAN FROM GOVERNMENT. By Telegraph— Association— Copyright. Router. TOKIO. Nov. 23. The Japanese Government's proposal for settlement of the long-pending insurance issue purports to be a 2 per cent, loan to the insurance companies, amounting to the equivalent of 10 per cent, of the claims against the companies which the companies will pay, and the creation of an organisation to which all companies will subscribe to guarantee the redemption of the loan. Final details are expected tc bo settled after a conference with representatives of all the companies. It is expected that the money will be raised 1/ a loan on the domestic market, which, it is, believed, Is able to finance it, according to a statement by the Minister for Finance, who added, that if foreign loans were issued they would be issued only to preserve the balance of trade. Such an issue is considered unlikely for the next two or three years.
The estimates do not include amounts to he raised by Tokio and Yokohama bond issues, buff include the interest on them.. Such municipal issues are estimated at £17,300,000.
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New Zealand Herald, Volume LX, Issue 18566, 26 November 1923, Page 9
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193INSURANCE IN JAPAN. New Zealand Herald, Volume LX, Issue 18566, 26 November 1923, Page 9
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