CORPORATION INSURANCE.
THE CITY COUNCIL’S SCHEME. Cr Taverner, chairman of the Finance Committee, gave some interesting figures at the meeting of the City Council on Wednesday regarding the operations of the council’s insurance scheme. The scheme, both fire and accident, he said, had had another successful year. The result had been that the combined surplus had been advanced from £38,087 at March, 1925, to £42,823 at March 31 of this year. This showed a profit for the year of £4736. The fire premiums had amounted to C 1934, while the only claim had been a small one amounting to £l7 lls. The accident premiums had totalled £3970 8s 7d. and the amount paid out by way of oensation had reached the high figure of £2986. This sum included provision for one fatal accident and a number of cases that had been treated as partial incapacity. The total interest earned by the fund bad come to £1936, and this gave the result mentioned —that the aggregate fund had been increased by £4736 for the year.
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Bibliographic details
Otago Witness, Issue 3765, 11 May 1926, Page 17
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174CORPORATION INSURANCE. Otago Witness, Issue 3765, 11 May 1926, Page 17
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