627 



INSURANCE NOTES. 



THE 



Mr. F. T. Hicktoril is tlio newly-elected chainunn 

 of the Mctidpolitan Fire Brifjades' Board. 



The London Directors of the Royal Insurance Com- 

 pany have acceded to tlie retiuest of ^Ir. Charles 

 Salter to be relieved of his position a.s manager of the 

 company for -Vustialasia, as from 31st December last. 

 Mr. .Salter's successor is Mr. (jieor<ce Henderson Tur- 

 tou, who has been the sub-manaj^er for -Australasia, 

 and Mr. William Charles Newton Lane, who has been 

 third officer for Au-itralasia, and secretary for Victoria, 

 will become sub-manager for Australasia, and resident 

 secretary for Victoria. Mr. Salter has accepted a 

 .~cat on the .\u.stralasiaii Board, upon the invitation 

 of the Directors in Enjiland. 



The Colonial 

 tinuex to make 

 year just clo.sed, 

 been written , 

 jB3,070,000. 



Mutual Life Assurance Society con- 

 rapid and sound progress. For the 

 €.'J,()00,000 of ordinary insurance has 

 the actual completions totalling 



-V tire occurred cjii the ICth January at the ware- 

 hou.se of Messrs. Brooks. Robinson and Co., in Eliza- 

 beth Street, Melbourne. Most damag<> was done in 

 the toi)most floors, and the firm's loss is estimated at 

 about t'JOtX). The building is insure<l in the Colonial 

 Mutual {'oini)any for iKOO, Western Company. 

 tlOOO, and (Queensland Company for .€:500. The con- 

 tents were covered l)y a large number of offices, for 

 the aggregate amount of £2",7oO. 



It has long Ix-en contended that the British Govern- 

 ment should introiluce a Bill jiiaking all over-insur- 

 ance of shipping illegal, owners being impowered only 

 to recover a strict in<lenmity, as in all form of insur- 

 aueo except marine. IJecent inquiries by the JJoard 

 of Trade are report+^l to have revealed the fact that 

 there is a systematic practice of over-insurance in 

 shipping. Point is given to this assertion by the in- 

 quiring into the f<)un<leriiig of the Cardiff steamer 

 '■ Diinsley." The v(\s»el was said to have been over-in- 

 sured to the <-.\tetit of £98(H). The Board of Trade 

 inquiry found that the loss of the vessel was due to 

 th« ilefanilt of the managing owner, the master, and 

 the engin<-ers. The managing owner was ordered to 

 pay tLVKl towards the cost of the in(|uiry, the ma,s- 

 ter'.s certificate was suspended, and the engineers were 

 each fined. 



Damage C8iimat>><l at about £.'i(HIO was ilone by a 

 fire ill the new township of Wonthaggi, on Sunday, 

 15111 inst. The greater part of the Urns was covered 

 by insurance. On the -.ame <la.v twelve shops an<l 

 their contents were d<»itr()y<'<l by lire in the township 

 of Willaura. Victoria. 



COLONIAL MUTUAL 

 FIRE 



INSURANCE COMPANY LIMITED. 



FIRE 



ACCIDENT- 

 EMPLOYER'S LIABILITY - 

 FIDELITY GUARANTEE - 

 PLATE-GLASS BREAKAGE 

 MARINE - 

 BURGLARY 

 LIVE STOCK 



INSURANCE 



OFFICES : 



MELBOURNE— 60 Market Street. 

 SYDNEY— 74 Pitt Street. 

 ADELAIDE— 71 King William Street. 

 BRISBANE— Creek Street. 

 PERTH— Barrack Stree*. 

 HOBART— Collins Street. 

 LONDON— 77 CornhiU, E.G. 



WALTER TUCKER, 



General Manager. 



THf EQUITY TRUSTEES. EXECUTORS, AND 

 AGENCY COMPANY LIMITED. 



RESERVE LUBILIIY, £100.000; GUARANTEE FIND, £10,000. 

 ■CARD OF DIRECTORS- Idwtrd Fanning, Eiq. Chairman ; W, 

 H. Irvine, E«q., K.C., M.P. : Donald Uaokinnon, E«i|., M.L.A. ; 

 R. O. M'Outcheon, Eeq , H L.A. ; Stewart MoArttiur, E»q. 



Registered Office: No. 85 Queen Street, Melbourae. 



This Company ii empowered bjr apeoial Act of Parliament t« 

 pertorm all olaitei of truatee bueinese. JOEI. FOX. Manager. 

 O T. MARTIN, Aitittant Manager. 



CLEMENT H. DAVIS, 



Incorporated Accountant. Specialist for lostalllniS 

 Latest American Office Bookkeeping Systems, viz.— 

 Looscleaf or Perpetual Ledgers and Card-l.edf<ers 

 Correspondence, Filing, Adding and Posting Machines, 

 &c., Sic. 



ROYAL BANK CHAtMBERS. MELBOURNE. 



