The Archive · 1921

Pilferage of Cargo

Recent advices from Rotterdam to the American Express Ca. are to the effect that, as a direct result of the worldwide wave of pilferage from ocean shipments, Dutch underwriters will follow the example of British underwriters, and adopt the policy of covering theft risks only to 75 per cent. of the value of the shipment. The remaining 25 per vent. must be borne by the shipper. ing the first half of the current year, 31 companies were created with a total capital of Y.19,403,000 (¥.6,916,000 paid-up); three extended their capital of Y.6,000,000 by; Y.175,000; five wrote down their capital of Y.1,514,000 by Y.264,000 and 30, with a capital of Y.14,479,- 000 paid-up, went into liquidation.

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

Your account