INSURING LIVE STOCK
We have much pleasure in calling the attention of our readers to a subject of considerable importance to those who have valuable live stock. Messrs. Ratcliffe & Co. have just taken the local agency of a Company called “ The Australian Mutual Live Stock Insurance Society,”—which undertakes death risks on horses, cattle, sheep, pigs, dogs, &c., from natural causes, accident or disease, also during transit by rail or sea. The objects of this useful society are to give stock owners the opportunity of insuring their stock, and to enable them to invest securely in a kind of property that has hitherto been too riskful. The existence of such a society will have the effect of largely increasing the value of stock by removing a difficulty in the way of their hypothecation, and by making them an actual negotiable security. Another good feature of the company is that all profits are devisable between the shareholders and insurants, all over ten per cent, being divided between insurers who have held policies for over two years. It will easily be perceived that a company of this kind offers immense advantages to stockowners, and does away with one of the greatest obstacles to men of moderate means going in for st<<k raising.
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Bibliographic details
Poverty Bay Independent, Volume I, Issue 4, 28 March 1885, Page 3
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209INSURING LIVE STOCK Poverty Bay Independent, Volume I, Issue 4, 28 March 1885, Page 3
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