Show v. v Failure of Boat U-Boat- Shown in Reduction On Marine Insurance By International nal News Service ASHINGTON May 1 W WASHINGTON The effectiveness effectiveness ft ness of German German German Ger Ger- man U-boats U against American cargo ships has been so greatly reduced that thata a new reduction in in marine in insurance insurance insurance in- in rates will ill be announced by the war risk insurance insurance b bureau re u probably late this afternoon simply imply are not The U-boats U getting the the ships William ADelan A A. A. A the tIle risk I Delan Delaney y y director of or war insurance bureau told the house interstate and arid foreign c commerce committee today That is the I f fact tact and it reflects an enormous amount of credit on an the wonderful wonder wonder- I ful convoy system perfected by byI bythe bythe the navy department I Since Singe the formation of the war warI I risk Insurance bureau Delaney said it has made net profits This had been possible in in the face of or I a constant reduction reduction reduction tion in marine insurance rates rales Starting at 6 per cent the rate has ha noly no been reduced to 3 per pei percent cent and it tt was learned is slated for still sUll further reduction Delaney spoke in favor of ot amendments to the war war risk in insurance insurance insurance in- in act which would permit the insurance insurance of the shipping of friendly neutrals as as well as the United States and Its Hs This was necessary he said because American merican insurance companies companies companies com com- deprived of the assistance assistance assist assist- ance ante formerly given by the German companies operating inthe iu in the United States are not able to take care of or the business |