Insurance Companies' Protest
Wklukotoic, today. At a meeting of representatives of Fire and Marine Insurance offices it was resolved to forward a statement to tbe Colonial Treasurer that his proposals relative to foreign offices depositing £20,000 are objected to by the local (New Zealand) office*. The Council of the Chamber of Commerce carried a resolution to tbe effect that tbe enforced deposit of a large sum of money se security by fire and marine companies, will not be conducive to the interest of the public, inasmuch as it may le*d to tbe withdrawal from the colony of companies of undoubted stability, and by reducing the number of insurance companies may lead to an inordinate iocrease in the rates piyible for insurance.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH18940823.2.15
Bibliographic details
Poverty Bay Herald, Volume XXI, Issue 7062, 23 August 1894, Page 2
Word Count
121Insurance Companies' Protest Poverty Bay Herald, Volume XXI, Issue 7062, 23 August 1894, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in