"FANCY" RISKS AT LLOYDS.

Oamaru Mail, Volume XXXIX, Issue 10779, 30 May 1911, Page 1

"FANCY" RISKS AT LLOYDS.

BUDGET AND CORONATION INSURANCES. Those underwriting members of Lloyd's-who make a business of "fancy" risks- have fot : some;time -been turning their attention to. insurances covering the next Budget; as well as the Coronation. '-.■-.- -I" *- ■' The last.rate quoted to pay. a loss in the event of the duty on,sugar being abolished was 20 guineas per. cent., while several policies to cover a reduction in-the .-tea duty have been: taken out at 25 guineas per cent., the equivalent premium -for coffee and cocoa being 35 guineas per cent. "The*possibility of an increase, in-the cost of licenses isapparently considered -'remote, seeing that a policy ; for this risk can he got at 20. per - cent. By far the largest amount of speculation. , has, .however, been done in connection Tvitli the income tax, and a .rate.,'as. high" as 50 guineas per eeirt. lias.ybeen charged oh a policy to pay ,a . total loss Gorily in _the of no alteration being made, in the present, charges.. ~; :..-•:. ' ;>.-,, v. :'..'• During the past .few; weeks some lai-ge insurances have! been'effected by traders whose interests are. bound .up with 'the Coronation, and 10-per,cent. has.been paid' to cover a: claim -should:the ceremony not .take; place -before the : end of the year. ..In one dr_.two. case* Tioli- > I-.-.-, iiaiia been, taken 'uiit r.n U«.- ii/intUvi%i,of;£he ; £blg\M'd..;Qiiee-ii- i(in.il. ei\'l..of.'.tkJ'.yea.r', 'at. the'.rate of fpa'rj guineas'Vpor ""ceift'./ -;..while "l-a; "Ruya.: family" risk, has been accepted insiiring.ttie. lives of Jibe King and. the Queen; .inid ' their chilclren'for,.tf% ihrtSe. period,; £he b.eingylf) guineas' per;; cent. Y.Tjieu -.a possible cessions has al.w'comewH'liin the specu-: lativ-e scope, tli'ough. the-premiums are: small./ •■',' ''.".'..-.'. >...J-v.-i-.-.i'^..'.-";'.":'.. : '..: ■-• -, ; To. paT'.'a-loss*if there-is- a\general; election "'heiSte'March ~ 31= 1912, 2o; guineas"iier..cerit';:is,. quotfed, and o per; cent. rims'TJeeii £6 cover the: naymonCof a' claim should Mr Lloyobecome Prime Minister on or; before December; 31 next. This risk has been written several times, but the amounts involved are not large.