WAR RISK INSURANCE
DIFFICULTIES CONSIDERED MINISTERIAL STATEMENT SOON (Received November 29, 6.5 p.m.) British Wireless RUGE'Y, Nov. 28 Addressing the Insurance Institute of London, the Minister of Health, Mr. Walter Elliot, drew attention to the difficulties in the way of a scheme of insurance against war risks. He said it was a subject to which the British Government was giving much thought, and a statement would be made soon by the Chancellor of the Exchequer, Sir John Simon.
A contingency of this kind was quite outside the scope of insurance as normally understood: that was to say, a system of graduated premiums carrying with them the right to full compensation. Full compensation implied compensation in goods, not in paper, and no one could say whether sufficient goods would be available for the full replacement which insurance implied.
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New Zealand Herald, Volume LXXV, Issue 23208, 30 November 1938, Page 13
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137WAR RISK INSURANCE New Zealand Herald, Volume LXXV, Issue 23208, 30 November 1938, Page 13
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