420 



The Review ot Reviews. 



October 1. 1906. 



INSURANCE NOTES. 



The numerous friends of Mr. Thomas Lockwood, the 

 respected manager of the Victorian branch of the 

 United Insurance Company Ltd., will be cclad to learn 

 of his appointment as a Justice of the Peac© for the 

 Central Bailiwick of the State of Victoria. Mr. Lock- 

 wood is now a Justice of the Peace for New South 

 Wales, Queensland and Victoria. 



A delegate from the Queeiiseliff Pisheniien's Union 

 has interviewed the Engineer for Ports and Harbours 

 for Victoria, to urge that the Government take some 

 steps to have the remains of the wreck of the "Aus- 

 tralia " removed from its present dangerous position, 

 but beyond a promise that inquiries would be made 

 to see what could be done, he got veiT little satisfac- 

 tion. The question of ownership appears to be the 

 stumbling-block. 



A serious fire occurred during the mojitb in Kent, 

 England, when the paper mills owned by C. Townsend, 

 Hook and Co. Ltd. were burnt down, seven cottages 

 and two barges being also destroyed. The damage is 

 estimated at £100,000 and 4.50 workpeople have 

 been thrown out of employment. 



The Select Committee of the House of Lords which 

 has for some time been inquiring into the general 

 question of life insurance, and particularly with regard 

 to features brought prominently under notice by the 

 revelations in the United States, has furnished its 

 report. It is recommended by the Committee that 

 British and foreign life insurance companies should 

 be treated, as far as possible, on an equalit.v. lest re- 

 prisals be taken by foreign Governments. The Com- 

 mittee reports against the suggestion that foreign 

 companies should be compelled to deposit funds as 

 security to British policy-holders, but i-ecommends 

 that the deposits imposed on an.v company formed 

 since 1870 should be made unwithdrawable. Among 

 the other recommendations is one that companies 

 should furnish the Board of Trade with full ac- 

 counts of their business and the market value of 

 securities held, and that in the case of a foreign com- 

 panv the appointment of British trustees should be 

 made. 



The A.M. P. Society, in issuing policies on the lives 

 of officers and men following the militai-y or naval 

 professions, has hitherto stipulated for the payment of 

 an extra premium running from the date of engage- 

 ment in active service, such extra premium not to 

 exceed £-5 per annum per £100 assured. It has now 

 been decided to modify this plan, and instead to 

 charge a uniform extra annual premium at the rate 

 of 10s. per £100 assured, payable so long as the mem- 

 ber continues in the military or naval service. In 

 the case of an oflBcer assuring for £1000, he need pay 

 only £.5 a ,year extra in future, instead of a possible 

 extra premium of £.50 a year during a time of war. 



The fire which did such serious damage to the In- 

 ternational Exhibition in Milan last month, has been 

 discovered to have been the work of anarchists. It 

 began in the Palace of Decorative Art, spread to the 

 Italian and Hungarian sections, and did £500,000 

 worth of damage. 



The rates of fire insurance on goods in the New Zea- 

 land Exhibition have been fixed at 1.5s. per cent, per 

 month on the wooden portion, and 7s. per cent, on the 

 brick art gallery, with a reduction of 10 per cent, in 

 the event of satisfactory installation of a certain fire 



THE EQUITY TRUSTEES, EXECUTORS, AND 

 AGENCY COMPANY LIMITED. 



DESERVE LIABILITY, £100.000; GUARANTEE FUND, £IO.OOa 



BOARD OF DIRECTORS -Edward Fanning. Esq , Chairmin ; W 

 Campbell Guf«t. Esq.; H B Higgins, Esq„ KC. M.P.; Donald 

 Uackinnon. Esq.. M.L.A : R. G. il Cutcheon. Esq .M L. A 



MEGISTSREO OFFfCE, No. SS OUEEN ST.. MELBOURNE. 

 This Compan,v is empowered by «p~>i»l Act of Parli.iniefit to per- 

 form all classes 'if trustee businpaa .TOKL FOX, Manairer. 



SAFES. 



HOBBS, HART & CO., LIMITED. 



By Special Appointment from Her Lat<Maje6ty Qcebk Victoria 

 By Warrant from His Majesty King Edward VII. 



SAFEMAKERS TO THE BANK OF ENGLAND. 



Strong Rooms, Dooks and Locks, Etc. 



F. J. LAWN & CO. Ao\°NT^ 



51 YORK STREET. SYDNEY. 



CLEMENT H. DAVIS, 



Incorporated Accountant. 



Licensed Auditor. 



Sworn Valuator. 



ROYAL BANK dlAMBERS, MELBOURNE. 



CLEM. A. HACK, a.s.a.s.m.. 



Mem. .Aust, Inst Min. Engrs., 



Patent and Trade Marks Attorney, 



63 QUEEN STREET. 

 PWELBOURNE. 



TELEPHONE 

 4622. 



ALEX. SINCLAIR, 



Consulting Engineer, 



31 QUEEN STREET, iMELBOURNE. 



DREDQINQ A SPECIALTY. 



TEL. 1169 



alarm. The rate for seren months on a 15s. per cent. 

 ba.sis. would work out at oj per cent., which is twice 

 the rate charged for the wooden portion of the Dun- 

 edin Jubilee Exhibition buildings. The Government 

 has decided to insure the buildings at Lloyds. Pri- 

 vate exhibitors will make their own arrangements. 



The General Accident Insurance Co. is prepared to 

 guarantee the face value of policies of the American 

 Life Ofi&ces doing business in London, for a premium 

 of 2s. per cent, per annum. 



It is understood that at least twelve of the Ameri- 

 can Fire Insurance Companies are in diflSculties as 

 the result of the San Francisco disaster. Investiga- 

 tions show tliat out of 576 safes opened in the dis- 

 trict lying between Market and Powell streets, less 



