London, Sept. 12.
The announcement that Japanese insurance companies have decided to pay their full losses without availing themselves of the earthquake clauses closely concerns British companies with which Japanese companies are re-insured. The consensus of opinion in the London insurance market is that Japanese companies cannot pay the claims not strictly covered by their policies wit how: consultation with the re-insuring company. In the event of Japanese companies admitting claims not covered in the original policies, the extent of the liability of the re-insuring companies will be a matter for negotiation and adjustment.—Reuter.
Shanghai, Sept. 13.
An "Osaka Mainichi'? despatch to the Eastern News Agency reports:—The Bank of Japan has already advanced Y.50,000,000 to life insurance companies and will, it is understood, accommodate them with more loans in case of necessity. It seems likely that the Bank of Japan also will advance money to fire insurance companies, if requested by the latter.—Eastern News Agency.
Text read from the printed page and cleaned; old type leaves the occasional error.