BUILDERS AND CONTRACTORS.
WELLINGTON, June 12. ' A circular issued by the New Zealand Federated Builders and Contractors’ As-< sociation states that an important -’eduction of premium rates for accident insurance has just been obtained, equivalent to 33 per cent., and builders and contractors are urged to give their business to the office making the reduction. The tariff rate was 22s per cent, until it was seen how the new Compensation for Accidents to Workers Act was going to affect companies, then it was reduced to 20s per cent., at which rate it stood for some time. In Dunedin, however, forward contracts made a few years ago at a rate of 11s per cent., are in operation at the present time, but they are on the point ol expiry. The tariff reduction movement was negotiated in Auckland. It is complained in the circular that builders have for a considerable tim< past, owing to a combination of insun ance offices, been paying a much highei premium than they had been previously paying. Efforts to obtain a reduction o( the tariff rate have been made from tim? to time, but up to now have been un* successful.
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Bibliographic details
Otago Witness, Issue 2935, 15 June 1910, Page 29
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194BUILDERS AND CONTRACTORS. Otago Witness, Issue 2935, 15 June 1910, Page 29
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