TE AWAMUTU AFFAIRS.
INSURANCE REDUCTIONS. [iiy TEI.EGP.AriI. —OWN CORRESPONDENT. ] TB AWAMTJTU. Tuesday. Concern was expressed by business men a fortnight ago that the Fire Underwriters' Association would not reduce the premium rate as promised when the ratepayers sanctioned a loan for up-to-date lire-fight-ing equipment. It was stated at last night's meeting of the Borough Council, however, that no official intimation has come to hand. Business men have received statements from insurance companies showing that an amendment has been made in the charges. As a matter of fact the Mayor produced policies showing reductions on property risks totalling £1 19s Id, whereas the extra rates for fire equipment loan were £1 19s 3d. He thus paid an extra twopence per annum for the improved facilities. It was stated at the council meeting that £25,000 of tho £4O,OO'J streets improvement loan had been raised, tho fifth £SOOO being made available from December 1. The Mayor stated that the Finance Committee would now be seeking a lender of the remaining £15,000, which,, however, would riot be required for some mouths.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19251209.2.135
Bibliographic details
New Zealand Herald, Volume LXII, Issue 19196, 9 December 1925, Page 12
Word Count
177TE AWAMUTU AFFAIRS. New Zealand Herald, Volume LXII, Issue 19196, 9 December 1925, Page 12
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in