The Star's London correspondent writes: —The redaction of the premium for insurance on frozen moat cargoes from Few Zealand, which has been going on for some time past, is worth noting. Less than two years ago a leading company over hero refused to do business under five guinsas per cent, for “all risks.” From this figure it dropped to 90s, and then to 80s. When the cover expired it was offered for renewal at 70s, but the company had reached their limit, and declined the business at anything under 80s. The cover was accordingly offered and placed with another English company at the 70s rate. Meanwhile some enterprising broker discovered a market on the Continent at 60s, with good security. Several English companies have followed suit, and there the rate Stops at the present.
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South Canterbury Times, Issue 6265, 11 July 1890, Page 3
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134Untitled South Canterbury Times, Issue 6265, 11 July 1890, Page 3
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