Salt Lake Telegram | 1928-03-11 | Page 7 | Ship Insurance is under Probe

SHIP INSURANCE IS UNDER PROBE March 10 AP Charles R. R Page chairman of the American Marine Insurance syndicate syndicate syndi syndi- cate was submitted to a close questioning by members of the house merchant marine committee today on alleged discrimination In Insurance rates by the syndicate against American vessels in favor of foreign vessels Two Democratic members members' of trig th committee Representatives Abernethy Aber- Aber of North Carolina and of Texas declared that higher rate wore were charged shipping board v sels together with a number o of other privately owned lines tb the North asserting that the difference often amounted to 2 pe per cent The syndicate head defended the differential on the ground eign operators were more e than Americana In ocean commerce citing the number of accidents ac ac- on American vessels H He said that press reports of accident at eca form one of the elements In determining marine Insurance rates Another committee member Rep Free Republican Call Call- fornin fornia contended that foreign corn com panics by charging lower rates se secured secured se- se cured a large amount of American marine insurance business Page opposed tile government insurance In Insurance in- in s plan provided In the White shipping bill which was under eon con by the committee