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Show SAN FRANCISCO FIRE RATES ARE REDUCED SAN FRANCISCO, Oct. 12. Fire Insurance Insur-ance rates prevalent here In 1905, the year before the big lire, are to be restored, re-stored, theroby effecting a deduction from the present rates of more than 25 per cent. For several months Mayor .Lames Rolph, Jr., has been negotiating with the local board of underwriters to reduce tho rate?, and a compromlso committee was chosen to adjudicate the matter, The committee decided today in favor of the city. As a result of Its ruling. San Francisco, It Is estimated, will pay a million dollars less In Insurance next year. In addition I upward of 5400,000 to be paid back to policy holders by the Insurance- companies In return premiums. Muyor Rolph contended that San Francisco Fran-cisco for five years had been ono of the richest Insurance fields In tho world, that premiums paid since the earthquake and fire of 190G were $30,000,000 and that tho losses were only ?fi, 000,000. |