BUDGET AND CORONATION INSURANCES.

Stratford Evening Post, Volume XXIX, Issue 87, 1 June 1911, Page 4

BUDGET AND CORONATION INSURANCES.

Those underwriting members of Lloyd’s who make a business of “fancy” risks, says the “Daily Chronicle,” have been turning their attention to insurances covering the next Budget as well as the Coronation. The last rate quoted to pay a loss in the evict of th(> duly on sugar being

abolished \v;ik twenty guineas per c;ont., whilst .several policies to cover a reduction in tile, tea duty have, been taken out at twenty-live guineas per cent., the equivalent premium for colfee and cocoa being thirty-live guineas per cent. The possibility of an increase in the cost of licenses is apparently considered remote, serine; that a policy of this risk can bo got at

20 per cent. By fir the largest amount of speculation has, however, hoeii done in connection with the income lax, and a rate in high as fitly guineas pei bent, has been cliaigcd on a policy 1 to pay a total loss only in dm event of no alteration being made in the present charges. With regard to the Coronation, 10 per cent, has been paid to cover a claim should the ceremony not take place heloro the end of the year. In one or two cases policies have been taken out on the joint lives’of 1 the King and Queen until the end of the year at the rate ot four guineas per cent., whilst a “Royal Kainilv”' risk inis been accepted insuring the lives of ‘the King and Quen and their children Jor the same period, the premium in this instance being ten guineas per cent.