The Lutine Bell
Sir,—lt was stated in a recent issue of the Herald that the ringing of the Lutine bell is Lloyds formal declaration that a ship is wrecked and that "the insurance claims will be met." The latter part of the statement could not have been made by anyone familiar with the constitution" of Lloyds or its workings. Lloyds is fundamentally a meeting pliace 'Of individual underwriters specialising in marine insurance. A risk might be written by fifty underwriters in varying proportions and an acceptance or rejection of a claim would be considered toy each in turn when the policy was presented so that there could be no question of a formal acceptance. The Lutine bell hangs above the rostrum of the crier and is rung by him to obtain silence when announcing news of import, The writer in two years at Lloyds heard it twice, once to announce the sighting of a long overdue sailing vessel and once when a stolen pearl necklace was picked up in the gutter of a London street.—Yours etc. SUBSTITUTE.
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https://paperspast.natlib.govt.nz/newspapers/PBH19380802.2.171.2
Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19698, 2 August 1938, Page 14
Word Count
177The Lutine Bell Poverty Bay Herald, Volume LXV, Issue 19698, 2 August 1938, Page 14
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