1250 



Canadian Forestry Journal, August, 191 



Insurance on Timberlands 



The natural sequel of organized 

 forest protection has arrived. A 

 company has been formed under the 

 name of the Timber Lands Mutual 

 Fire Insurance Company, with head 

 office at Portsmouth, New Hamp- 

 shire, to insure against loss or damage 

 by fire on merchantable standing 

 timber, young standing timber and 

 plantations. It is the first mutual 

 of the kind in America and was formed 

 by leading lumbermen and those 

 experienced in the handling of fire 

 protection in the woodlands, after 

 careful consideration of all available 

 data concerning the average loss over 

 protected areas. This field has al- 

 ready been entered abroad by stock 

 and mutual companies and in the 

 United States by stock companies. 



Mr. S. Laurence de Carteret, for- 

 merly local manager of the Brown 

 Corporation at St. Raymond, P.Q. is 

 Treasurer and Manager, and Hon. 

 W. R. Brown of Berlin, N.H. is 

 President. Such able guidance ought 

 to ensure a successful development. 

 In the company's foreword appears 

 the following: 



"Placed on a mutual basis it not 

 only enables policy holders to receive 

 their insurance at cost but will act as 

 a stimulant to planting and to long 

 time management of woodlands, and 

 will create a demand for adequate and 

 continuous protection. It will also 

 make timberlands a more desirable 

 subject for loans and so liquidate 

 capital, and create a more clefinite 

 market for cut-over lands and plan- 

 tations." 



'Tt writes insurance only on tracts 

 which are adequately protected from 

 fire either by Forest Protective Asso- 

 ciations, the State or the owner, and 

 it will not accept tracts which contain 

 or adjoin recent slashings or which 

 are^exposed to undue hazards. 



"'The amount of insurance written 

 on any tract is governed by its loca- 

 tion and value, no line being given on 

 anv risk in excess of that warranted 



by the assets of the Company. With 

 this limitation timber may be insured 

 for part or full value as may be de- 

 sired by the owner. 



"Merchantable timber is insured 

 on the basis of its stumpage value 

 per thousand feet or per cord, and 

 young growth and plantations on an 

 agreed value per acre. 



"Unless a definite value for the 

 whole tract is agreed upon, both by 

 the Company and the insured at the 

 time of issuing the policy, the tract 

 or section in which fire has occurred 

 is appraised to determine what its 

 value was before the fire as well as 

 determining its value after the fire, 

 to arrive at the amount of damage. 



"The compensation paid is that 

 proportion of the damage sustained 

 which the insurance carried bears to 

 the total value of the tract insured. 



MANCHESTER AND TIMBER 



Manchester ranks amongst the first 

 order of ports in England for the 

 importation of timber. Extensive 

 accommodation is provided for han- 

 dling and storage. These facilities, 

 combined with the expeditious and 

 economical methods of distribution, 

 contribute to the steady expansion 

 experienced in the imports: from 

 400,000 to 500,000 loads have been 

 dealt with every year for some time 

 past. Savings of from 3s. 6d. to 

 5s. 6d. per ton are effected by for- 

 warding timber from the docks, as 

 against the Liverpool docks, to most 

 of the surrounding towns. 



The Canadian Forestry Association 

 is in receipt of a one dollar bill en- 

 closed in an envelope by itself, in- 

 tended evidently as a membership 

 fee. The post mark on the envelope 

 is indistinguishable; the address is 

 type written in blue ink. The 

 Secretary would like to know the 

 name of the member to whom this 

 amount should be credited. 



