Report on Fire Insurance Duties (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Report on Fire Insurance Duties

But it is not as a heavy tax on any class of persons, or as an unfair tax in relation to different classes of persons or property, that the Duty on Fire Insurance has ever been practically made the subject of complaint.

The complaints chiefly urged against the duty are these - that the risk of loss by fire is such that an insurance against it, for the Space of a year, can be made, with a fair profit to the insurer, for a premium of 1s. 6d. On the 1001. Worth of property insured; and that this being the natural cost price of the insurance, the duty of 3s. Per 1001. Is an enhance ment of the price by 200 per cent., and operates by its excessive amount to prevent the insurance of property from loss by fire.

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