INSURANCE COVER
THIRD PARTY RISKS NO STATE ACTION PROPOSED MR. SAVAGE DENIES RUMOUR [BY TELEGRAPH SPECIAL REPORTER] WELLINGTON, Sunday A suggestion made in certain quarters that the Government proposes to take over from insurance companies all third party risks and workers' compensation cover was denied yesterday by the Prime Minister, Mr. Savage. It was pointed out to him that rumours along these lines had been freely circulated, chiefly in Christchurch, and that there was said to be a consequent tendency for insurance shares to weaken. "The matter has received no consideration whatsoever," the Prime Mirv ister said. "To the best of my knowledge it has not been raised by a single member of the Cabinet. 1 do not say the matter would not be considered if the necessity arose, but our aim is to leave matters in the hands of private enterprise until it can bo shown that private enterprise has failed. That is the time for tho State to step in and assume control."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19360518.2.100
Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22421, 18 May 1936, Page 10
Word Count
165INSURANCE COVER New Zealand Herald, Volume LXXIII, Issue 22421, 18 May 1936, Page 10
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