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Image provided by: University of Hawaii at Manoa; Honolulu, HI
Newspaper Page Text
THE GARDEN ISLAND, TUESDAY, JULY 27, 1915
THE LATEST WAR PICTURES
(Continued from page.l.)
I would suggest, however, that
you have a working surplus of
$10,000 in addition; this would
provide for any loss or contingency
that night occur in the early days
of your company in excess of ac
cumrlated surplus that you might
expect to earn in profits.
In presenting this proposition 'at
this time, it is of course with the
hop-- that the Home Insurance
Com any o f Hawaii, Limited,
would affiliate with the Kauai
company, and we believe a verv
satis "actory arrangement could be
made whereby the Home of Ha
waii could act as general agents
for the entire Territory, relieving
your corporation of much of the
detail of the business in ihe way
of s'atistical records and Territorial
requirements. I suggest the same
plan of general agency equipment
be maintained as is now enjoyed
by the Home and the receiving
office would necessarily have to be
on Kauai. This, of course, would
be tli-.; lr.- quarters of the Com
yi iv r.r.d the financial end main
tain) don Kauai, all investments
to be made by your Roatd of Direc
tors, and policy of. the Company
and control of the Company in the
hands of your Directors. The un
derwriting could besupervised from
Honolulu. This underwriting ar
rangement is common to insurance
The Home is in position to fur
nish very valuable service through
their agency connections and could
prov ide at once a very substantial
premium income in the way of
reinsurance, cutting out a propor
tion of the reinsurance that is now
being ceded to mainland compa
nies. The local connection would,
give you a very strong touch for
business which is quite large in
volume and in most cases is han
This matter is now having very
careful consideration by the resi
dents of Maui and it is planned
that a local company will be start
ed on that island very shortly.
I believe that the earning capac
ity of a company organized local
ly on Kauai would be greater even
than that enjoyed by the Home.
The question of expense is a very
serious one that we have to contend
with and the plan is outlined for
the Home to relieve your Company
of the burden o f underwriting,
leaving your Directors free to look
after the investments, which should
be verv advantageously placed on
your own island..
Trusting that this matter wil
receive very careful consideration
by tho residents o f your island
who I believe will readily see the
advantage of organizing such a
Zeno K.'. Myers
July 15th, 1915.
! ifW - m.
UNDERWOOD 4 UNDERWOOD, N. V.
ADMIRAL SIR HENRY B. JACKSON, NEW BRITISH
MOTHER OF HARRY THAW AND THE NOTED PRISONER'S
SISTER ON THEIR WAY TO THE TRIAL.
.... . m
'I. JKIOMT UMUfcHMrbl'.g
ALLIES LANDING AT DARDANELLES UNDER COVER OF THE GUNS OF THE FLEET.
The landing of the Allies' troops at the Dardanelles was a costly operation, but it was carried out
effectively under the protection of the big guns from the battleships which are seen in the background,
anchored in the Straits ot the Dardanelles. A small covering force preceded the main body of troops.
During the landing, a continuous fire was kept up by the ships in the Straits. The Turks were thus kept
back from the coast line and the men were able to make their landing. In the photo are seen the Indians
of His Majesty's forces marching away from the beach to take up their camp inland. 4
JL$.' . 2
SCENE AT LILLE, FRANCE. AFTER A BATTLE.
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err - -vS?- " " --------Tu
ITALIAN LANCERS ON THEIR WAY TO THE AUSTRIAN FRONTIER.
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U li 1
SERVIAN SOLDIERS IN TRENCHES
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ITALIAN RED CROSS TO THE FRONT.
The cars, have been liberally marked with Italian patriotic signs.