CO129-266 - Governor Sir Robinson - 1895 [1-3] — Page 139

sing suggestion which though una. nahing only frous ourselves would we think have the support of all the Local Insurance Companies.

There are according

to the

no less than 160 hisurance.

Directory Companies doing

or desiions of doing

business in this Colony; why not make each Company register itself annually stating its capital, nomnial and ants- cribed, and the address of its stead Office and sharge $500 for for

a license to do business. Some of the 160 aspirants for business would. possibly retire but we should think at

annum

least 100 would remain and

register,

iz

sv

per you get $50,000 afford to do.

away

amnun aud

carr

duty on policies

with all stamp or at least to leave it

as at present viz : 10 cents per policy,

ar.

which we understand already pro- duces $8,000. There are some quments in favour of this

· strong enggestion.

The

136

The registration of all Compa.

nies with the particulars some shat similar to those the Local Companies

have to render would be a

protection.

a notice board

to the assured, for at present there is nothing to prevent any wil disposed person from putting up

of some almost imaginary Company and collecting premiinus more readi

ly

and

than

paying

The

clains!

large number of Home Foreign Companies touting for

fire business is a positive danger, if

they

make

money it goes

out of the

Colony, and by accepting almost any risk they

car

get, they

are an innan.

tive to incendiarion whilst they contri- bute nothing towards the protection of the place.

Fo

any Company of substan. tial financial shougth, and in a

position to obtain business a liccuse fee

£50 world be

of $500

or

say

confara.

tively