'A movement has been started by foreign and Chinese insurance firms in Shanghai for the purpose of settling possible disputes between insurance firms and claimants of insurance money resulting from the present hostilities. To this end, it was learnt from reliable Chinese sources yesterday, three special committees will be organized jointly by re Insurance firms which are bound to be much involved in these' dis-utes, One committee will deal with the technical side of the question, being empowered to receive cases in dis pute from member firms. To any ease in which settlements require payments.the committee will pay serious attention so that no unfavour-lable precedent may be created, it was stated, Disputes not arising from the present undeclared war will be settled individually by the firms concerned.
One foreign firm has been appointed to receive written claims, while two groups of foreign and [Chinese appraisers have been asked fo study each claim carefully before referring the matter to the committee, Legal Aspect Another committee will look after {the legal aspect of the problem, as ft is fared that unsatisted claimants may start legal proceedings against their insurance firms. Members of this committee will investigate the extent of destruction in the war zone covering Kiangsu, Chekiang. Kiangsi land Anhwei, and' will ty their best to give legal protection to member firms, The committee will devise measures for settling all legal dis-utes and these measures must be jearried out by individual - firms involved.
The third committee will be known jas the War Insurance Inquiry Committee the members of which will [study all aspects of the problem so secure universal action when claimants make claims. The committee only serves as an advisor: body responsible to member firms alone.
Text read from the printed page and cleaned; old type leaves the occasional error.