FIRE INSURANCE.

Otago Daily Times, Issue 3016, 6 October 1871, Page 2

FIRE INSURANCE.

TO THE KDITOK. . SiR-Captaiii Wain, at the Fire BngaJ* dinner the other night, made some very. * pertinent remarks regarding the vaykj , Ltes now charged by the A™""* C«*iuames for insurance from fares, lie *aiO, "that with the powerful water supply now at the command of the Bngade, the rate of insurance paid was much too high ; he fete that it was so, and he knew it to be a pretty general opinion." I think, bir, there are very few persons in town who wdl not endorse every word Captain Wain ?«<*«££ this occasion. It was said by the insurance agents, in answer to numerous comptoiafcs. made before we had a water supply, wa»fc until the water is in the town, and then see what we will do for you in the way of reduc- , tion " Well, the Water is in the town, ana *. what have they done! Take my own case —in the dearest times, before the advent ot , water, I was insured for £1000 at 00b, ww 11 pay 54m, a reduction of three pounds pear I annum. For the water, I pay seven pound* a year, thus making a loss of four pound, yearly. This to me is an absolute lema, as ft.

could do altogether without the water. I iave jio doubt mine is not an isolated case. I -write this letter^fcyith a view of drawing public attention to the subject, and I trust it will not be without avail. I would suggest that a meeting of insurers should be held, when some measures could be taken, "which, by joint action, would have the effect ■of compelling the Insurance Companies to treat us justly. • If .this communication ■elicits any expression of public feeling, I shall be quite willing to call a meeting for the purpose above indicated, -rl am, &c, ; Citizen.