ROYAL INSURANCE.
At the recent annual meeting of the Royal Insurance Company, the Chairman, Mr. A. Allan Paton, referred to the very fine results for the past year. Notwithstanding the difficulties of the year in the insurance world, underwriting profits from all the Indemnity Departments amounted to £5,865,000, being only £60,000 below the figure of the previous year. With regard to the possible effect of the Road Traffic Act upon motor insurance business, Mr. Paton was cautious in his remarks, though he observed that it was apparent that over a series of years the average cost of personal injury Claims tended to increase. The Chairman of the " Royal - also, when dealing with marine risks, referred to the fact that the loss of the liner Georges Philippar ' had brought very prominently into view the serious fire hazard attaching to modern luxury liners. I am glad to note also that Mr. Paton did not fail to refer to the vital necessity for a further curtailment of our national expenditure if there is to be any relief of the burden of taxation.
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