The Archive · 1924

War Risks in China

Underwriters at Home Said to be Greatly Perturbed ing Contracts London, Sept. 29, to perturb underwriters at Lloyds, ]who recently issued a cancellation of war risks on all contracts that include insurance of goods to, from or between Chinese ports." The newspaper points out that most i surance covers and open contracts are subject to cancellation at 10 days' notice in case of war risk, Uut only in serious circumstances underwriters take advantage of Jclauses permitting the cancellation }of contracts, after which underwriters usually agree to cover war risks greed rates. Prevailing war risk rates in Chiness chih per cent. on ig the Institute of yarchouse to ware-1 per cent. for} 30 days afterwards—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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