EARTHQUAKE PROTECTION
AUCKLAND CHAMBER’S VIEWS PURCHASE OF INDEMNITY SUGGESTED., (Pe« United Press Association.) AUCKLAND. July 2(5. The opinion that the Earthquake Protection Bill should be referred to a select committee for evidence to be heard was expressed by the Chamber of Commerce to-day. It was considered that evidence should be obtained on the following points;— 1. It is generally accepted by expert opinion that the earthquake risk north of 37V degrees (through Kimihia) arid south “of 44 degrees .(just north of the Rangitata River) is relatively nonexistent, and at the present time the people in those areas can procure earthquake cover from' insurance companies on relatively advantageous terms. The executive holds the view that these varying fisks should be allowed for in imposts suggested under any Bill. 2. The fund should be divorced from parliamentary and civil service control. 3. The tax might be better collected independently of insurance premiums. 4. Portion of the tax revenue might be used to purchase an earthquake indemnity. ■ 5. Provision should be made to deal with' earthquake damage to uninsurable property.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19340727.2.113
Bibliographic details
Otago Daily Times, Issue 22325, 27 July 1934, Page 15
Word Count
177EARTHQUAKE PROTECTION Otago Daily Times, Issue 22325, 27 July 1934, Page 15
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. 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 Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in