The Cumberland Islander
data provider: CONTENTdm
is part of: BC Historical Newspapers
issued: 2015-12-18
issued: 1920-02-28
aggregated CHO: https://open.library.ubc.ca/collections/cumberlandis/items/1.0224633/source.json
format: application/pdf
note: •?? THE CUMBERLAND ISLANDER TWENTY-NINTH YEAR—No. 9. With which is consolidated the Cumberland Jews. CUMBERLAND, BRITISH COLUMBI A, SATURDAY, FEBRUARY 28, 1920. GOVERNMENT INSURANCE HANDED TO A MINISTER FIRM OR WHICH PROVINCIAL MINISTER OF FINANCE IS A LEADING MEMBER WALKS OFF WITH NICE PLUM IN THE SHAPE OF INSURANCE ON THE PACIFIC GREAT EASTERN PROPERTY TO THE AMOUNT OF NO LES% THAN $2,241,000, WITHOUT EVEN TENDERING FOR IT. SUBSCRIPTION PRICE: TWO DOLLARS PER ANNUM. Special Despatch to The Islander. Victoria, Feb. 27.—Messrs. Gillespie, Hart & Todd Limited of Victoria, the firm of which Hon. John Hart, minister of finance, is a leading member, has walked off with a nice plum in the shape of insurance on the Pacific Great Eastern property to the amount of no less than $2,241,970. And they got it despite the fact that while tenders were.called for by the government, they did not tender but were awarded the business at a figure considrably higher than that bid by well-known fire insurance -concerns. This is the information secured by the opposition through questions asked of the government. It is one instance of the importance, from the opposition standpoint, of the right to quiz the government. Only by that method can the intimate details of .government administration—and its solicitude for its friends— oft-times be secured. The Victoria firm with which the finance minister is connected was awarded the insurance on the government-owned property at a rate of forty-two cents per $100. Bids were received, according to the government advertisement, from the following firms only: United States Fire Insurance Company, New Jersey Insurance Company, Stuyvesant Insurance Company and the Insurance Company of the State of Pennsylvania,- at thirty-five cents; the Home Insurance Company of New York, at fifty cents, and the British Crown Assurance Company, an Old Country concern with assets of $90,000,000, at forty cents. But despite these lower figures, Hon. Mr. Hart's firm got …
note: Title Note: "With which is consolidated the Cumberland News"
has type: Newspapers
spatial: Cumberland (B.C.)
spatial: Cumberland
is shown at: 10.14288/1.0224633
language: English
lat: 49.6186111
long: -125.0325
provider: Vancouver : University of British Columbia Library
publisher: Cumberland, B.C. : Islander Publishing Co.
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format: Royal British Columbia Museum. British Columbia Archives.
type: Text