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Aviation History
1919
1919 - 0467.PDF
APRIL IO, 1919 MJt^^^A THE GOVERNMENT INSURANCE SCHEMES THE following details are extracted from a White Paper giving preliminary results of the Government War Insurance Schemes:— Aircraft and Bombardment. Scheme No. 23. In accordance with the report of the Aircraft Insurance Committee in July, 1915 (Cd. 7997), the insurance of pro perty against aircraft and bombardment risks was undertaken by the Government. The rates recommended by the Com mittee were adopted at the outset, and in February, 1917, a discount of 50 per cent, was allowed on these rates. £ Approximate premium received up to November 30, 1918 .. .. .. 13,610,000 Claims paid and estimate of outstanding losses .. .. .. . . .. 2,970,000 Balance . . . . . . . . 10,640,000 It is estimated that outstanding premiums will be sufficient to meet outstanding claims. Aircraft and Bombardment (Egyptian Cotton). Scheme 24. It was represented to the Board of Trade in April, 1918, <s> <$> Aircraft Material Released THE Secretary of the Air Ministry makes the following announcement :— In order to assist civil aviation and to enable firms interested in aviation "more easily to carry out their programmes, it kas been decided to release a certain amount of material, particularly engines, and aeroplanes originally ear-marked for the^use of the R.A.F. Civilian firms, therefore, desirous of obtaining aeroplanes, engines, or other material should, in future, apply in the that merchants and banks were unable to obtain cover at reasonable rates against the risk of aircraft and bombard ment damage in respect of the cotton lying in warehouses or stores in Egypt and in transit to the stores by road, rail or river in Egypt or the Soudan, and it was agreed that this cotton could be insured at the War Risks Insurance Office, the rate of premium being 4s. per cent, for one month, 8s. per cent, for three months, or 12s. per cent, for six months. i Premium received up to date .. .. 7,200 Losses .. .. .. .. .. Nil. Since September 1, 1917, owners of property in the United Kingdom of an aggregate value not exceeding £500 have been entitled to compensation in the event of their property being damaged or destroyed as a result of air-raid or bombard ment ; owners of property exceeding £500 in value were also entitled to compensation if the excess over ,£500 was insured under the Government Aircraft and Bombardment Insurance Scheme. 5,553 awards have been made by the Air Raid Compensation Committee up to February 28, 1919 the amount being awarded being £101,402 18s. sd. first place direct to the firm concerned in the manufacture of the material required. Should the firm approached be unable to meet the request owing to existing contracts for delivery to the R.A.F., a request for the release of such material will be considered by the Air Ministry. All such requests should be addressed to " Secretary, Air Ministry (C.G.C.A.)," and should state specifically that the firm responsible for the manufacture of the material required has already been approached, but owing to existing contracts, has been unable to supply. AT THE WAR IN THE AIR EXHIBITION.—A walled city. A view of Samarrah from the air. The pilots of the R.A.F. had this advantage, in that many of them were privileged to see some of the wonders of the East. 467
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