LOSSES BY FIRE.
ELECTRICITY A FACTOR. BAD WORK AND MATERIAL. "From an insurance point of view it is necessary to go back a great many years for a loss experience so high as that of last year," said Mr. E. R. N. Russell, chairman of directors of the South British Insurance Company, Limited, at the annual meeting yesterday. " Particularly is this the case in respect of dwelling houses, moro especially in country districts. The advent of electricity has introduced a serious factor as a fire raiser. *' Properly installed, maintained and used, it is as safe as any other system. Bad workmanship and inferior material, however, may make every inch of wiring a potential incendiary. When any fault does reveal itself it should be remedied by an expert. This source of danger is within the power of every one to avoid by taking proper precautions." The losses of the company for the year under review, he added, amounted to £617,562. "Itis a huge sum," said Mr. Russell, " but when one reflects that this is only one company's distribution of the load of misfortune, it will be realised how colossal the total wastage must be."
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19779, 28 October 1927, Page 10
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193LOSSES BY FIRE. New Zealand Herald, Volume LXIV, Issue 19779, 28 October 1927, Page 10
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