EARTHQUAKE DAMAGE
INSUFFICIENT FUNDS AVAILABLE
CAREFUL USE URGED Special to the Daily Times WELLINGTON, Aug. 4. “ The commission feels impelled to point out that of all the natural causes of loss to which the Dominion may be exposed earthquake is the most likely to cause disastrous damage and that the Earthquake and War Damage Fund, although now growing satisfactorily in the absence of heavy claims, will be insufficient for years to come independently of the contingent guarantee of the State to meet losses arising from a severe earthquake in one of the main centres. Prudence urges, therefore, that the fund, which is restricted to indemnification for damage caused by earthquake and war only, should not be encroached upon to provide relief for other kinds of loss, however deserving.” This is stated in the annual report of the Earthquake and War Damage Commission presented in the House of Re - presentatives to-day. The fund at March 31, 1948, amounted to £5,929.313. Premium income for the past financial year amounted to £494,938, and claims totalled £7917.
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Otago Daily Times, Issue 26842, 5 August 1948, Page 5
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173EARTHQUAKE DAMAGE Otago Daily Times, Issue 26842, 5 August 1948, Page 5
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