3450 AWARD OF THE FISHERY COMMISSION. 



Policy, after deducting one-third for new, viz : A vessel val- 

 " ued at $7,500 and upwards, 5 per cent.; $7,000 to $7,500, 6 

 per cent. ; $6,500 to 87,000, 61 per cent, ; $6,000 to $6,500, 7 per cent. ; 

 $5,500 to $6,-000, 7 per cent. ; $5,000 to $5,500, 8 per cent. ; $4,500 to 

 $5,000, 9 per cent. 5 "$4,000 to $4,500, 9 per cent. ; $3,500 to $4,000, 10.J 

 per cent. ; $3,000 to $3,500, 11 per cent. ; $2,500 to $3,000, 12 per cent; 

 $2,500 to $2,500, 14 per cent, ; $1,500 to $2,000, 18 per cent, j $1,000 to 

 $1,500, 25 per cent. ; all under $1,000, 30 per cent. 



Cables, Anchors, and Boats to be at the risk of the owners in all cases, 

 except a total loss of vessel. Sails, Rigging, Masts, and all other appur- 

 tenances belonging to the vessel, to be at the risk of the owners, in all 

 cases, except the loss on them at one time amounts to the following per- 

 centage on the whole value of the vessel as valued in the Policy, viz : 

 A vessel valued at $8,000 and upwards, 10 per cent.; $7,000 to $8,000, 

 12 per cent. ; $6,000 to 7,000, 14 per cent. ; $5,000 to $6,000, 16 per 

 cent. ; $4,000 to $5,000, 18 per cent. ; $3,000 to $4,000, 20 per cent. ; 

 $2,000 to $3,000, 24 per cent; $1,500 to $2,000, 30 per cent.; all under 

 $1,500, 35 per cent ; and under such adjustment one-third shall be de- 

 ducted for new. 



Notice of any claim on the Company for damages shall be given to the 

 Company within ten days of the arrival of the vessel, or no loss will be 

 allowed. No vessel receiving damage, whereby the Company becomes 

 liable, shall in any event be sold until directions to *;hat effect shall have 

 been communicated to the Master or Agent from the Company. 



Cables and Anchors lost or sacrificed on the fishing grounds shall not 

 be paid for by the Company, in any case, except total loss of vessel. 



Gilt work or carving shall not, when lost or damaged, be paid for ex- 

 cept in cases of total loss of vessel. 



lu adjusting partial losses the bowsprit of a vessel shall be considered 

 a spar. 



In cases of disaster to any Vessel insured, it shall be lawful for the 

 insurers to take possession of and repair the damage, and to demand of 

 the owners their proportion of the expense thereof, and the acts of the 

 insured or insurers in taking possession thereof to save, preserve or 

 repair the same, shall not be deemed to be a waiver or acceptance or 

 admission of an abandonment, provided such Vessel shall be repaired 

 and returned to the owners within four months from the date of the 

 disaster. No claim for Total Loss shall be allowed by this Company, 

 unless the cost of repairs (according to the Laws of the Company), at 

 one time, after deducting one-third for new, amounts to fifty per cent 

 of the value of the Vessel as in the Policy. And the insurers are not in 

 any case to be held to pay for any loss or damage by restraint, seizure 

 or detention, by any legal or illegal power whatsoever, or for any dam- 

 age, accident or loss, which may happen or occur to any Vessel while 

 she may be under such restraint, detention or seizure. Nor will this 

 Company, under any circumstances, pay for copper, or any other metal- 

 lic material, used as a covering for the bottom of vessels except in cases 

 of total loss, in which case the copper shall belong to the insurers ; and 

 copper or other metallic material used as aforesaid, shall not be consid- 

 ered at all in the adjustment of a partial loss. Vessels and Owners 

 liable for deposit and premium notes. 



The rates of premium for the current year, to commence on the date 

 of application shall be as follows: From November 16th to November 

 30th of next year, 9 per cent; from December 10th to November 30th 

 of next year, 8 per cent; from January 1st to November 30th of the 

 same year, 7 per cent.; from January 15th to November 30th of the 





