OCR Text |
Show SHIP INSURANCE t RATES REDUCED it . It Ik evidence of the strongest kind of. the' fjectlvenessjith) American Najry (hat Secretary-McAdoo is again able to reduce the war risk insurance rates. i The presentireductlonon hulls and cargoes "through the war-zone Is from 4, per cent to 3 per cent; the reduction reduc-tion on the officers, masters, and crews' of merchant vessels through the war cone is from 60 cents to 25 bents per hundred dollars ot pay roll. Both reductions take effect March 18, 1918.. tThe first reduction of insurance rates by the War Risk Insurance Bureau Bu-reau was made last October, when the rate on cargoes was reduced from 6 J-2 per cent to 6 per cent'. The second, reduction, was oa November 23, anA was from 6 per cent to .4 per ceat. One ot the most valuable' ases of the Liberty Loanls to render possi ble this war risk Insurance on tha cargoes and men on our merchant ships' voyaging through the war zone. . Under the protection of this insur- ance. hundreds of millions of dollars ' of American commerce has been en.- . abled to seek and reach foreign mar' , ; kets. 7 J . The reduction. In the Insurance rate, the rates steadily decreasing an American preparedness increases, speaks in most convincing tones of American efficiency. There la a, not Inconsiderable' number of well in- "" formed men, and they art not' all - Ah Amerlcaas-by -ally -means, 'who- 'beV'- Heve that the American gunners have ' not .quite their equals in the navies -; ' bf the world. , |