Show australian INSURANCE Sc scheme lerne b by which state provides cheap protection to settlers I 1 consul general john V P kray bray of mel me meli i bo irne leports that ihde the government of the australian ilian of victoria Is about to lo undertake the experiment of 0 state insurance in c with the houses of sett settlers leis which the government has elected on oil a scheme by which repayments by the occupants are extended over long it is estimated that the settlers willi arva to pay the go the state insurance of the houses hous es what whai la Is equal to ar annual premium or of not much more than oe r e fourth per cent 1110 n ho be value of 0 the property pro nerty whereas it if companies I 1 did the insuring the ho i ien would according to delai mental estinia estimates tes have to pay at the rate of between one half per cent and ono one per cent tile the government govern men t lias has already accciA accept od el the he responsibility for tile the houses which have either cither been created or ire are being built the houses are wooden and many of them are i lit in localities where the fire i fighting machinery is hot of all thy most modem ope the companies offered coinsure to insure the places at viry vary I 1 lp ng from to fia allowing ten 1 per ct cent lit disc discount this mould have cost the settlers sett lors the price of about i two houses a year i 6 the vi pio grani provides I 1 for the hie bui building leing of now new houses r within the next to yea s this will c brans the total number up lip to s louses according to tho lie department e al estimates it if the government h 0 o accept the insurance companies 0 arms it would cover the cost at 0 six 0 louses a year in in suling this numa or the hopes instead c 0 charge the ile sr tars less than would c he c companies ir I 1 p ables yet establish a sub A tant slant lal ial fund horn which to meet all ill |