I
1
80°
100°
120°
199
this state of affairs should be changed after the war. The other suggestions made refer to Governmental assistance to trade, such as the development of a Government Commercial Intelligence system throughout the East, &c.
Views of the Institute of London Underwriters.-The general views of the Institute with regard to trade policy towards enemy countries after the war are summarised in the resolutions pussed at a meeting of members held on July 21st, 1916. They recommend that:
(1) "No company or individual having an enemy origin, proprietary interest, or nationality should be permitted to transact marine insurance or reinsurance in the United Kingdom directly or indirectly."
(2) "That no British subject or company should be permitted to place with any such company or individual directly or indirectly any marine insurance or reinsurance in this rountry or elsewhere."
(3)
"That it should be recommended that the above-mentioned disabilities be
imposed throughout the British Empire and in the Allied Countries,”
It will be noted that these resolutions refer mainly to the United Kingdom, and do not take into account the special conditions in the Far East. After requesting the views of the Institute on the question of German agencies after the war, I received the following reply :—
It is the unanimous opinion of the Committees of the Institute of London Underwriters and the Liverpool Underwriters' Association that, as a matter of principle, it is not desirable that British insurance companies should grant agencies to German merchants after the war."
After careful consideration of all sides of the question, and of the special conditions prevailing in the Far East, I am of opinion that while everything possible should be done to encourage the British trader to secure a larger share of the trade of the markets under review, any legislation against insaring German risks or appointing tiernan insurance agents in those places where it is deemed advisable to do so would be a direct incentive to our competitors, and would react to the disadvantage of British insurance companies without securing any compensating advantage to British trade.
BAIKAL
M ONGOLIA
Peking
CHINE SE REPUBLIC Tientsin
YELLOW
SEA
TI B
E
Lhasa
CHIN
A PHankow
Shanghai
NEPAL
Calcutta
Canton
FORMOSA *HongKong
Haiphong
BUR
BAY
OF
Chiengma
SIAM
Bangkok
BENGAL
Madras
OCE
BENGAL
CEYLON
80°
EQUATOR
FRENCH INDO
CHINA
Saigon
Penang
apore
JAPAN
SEA
Yokohama
140°
APANESE EMRIK
NORTH Tropic of Cancer
PACIFI C
ОСЕА N
Manila
PHILIPPINE ISLANDS
UMATRA
Batavi
BORNE
CELEBES
JAVA JC HAVE A STIN
Samerang Macassar
120
NEW
GUINEA
100
140°
Stanford's Grog! Estabt, London.
658
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