Report on Fire Insurance Duties (Classic Reprint)
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Excerpt from Report on Fire Insurance Duties
Sir,
In obedience to the instructions I had the honour to receive from you at the end of last July, I have examined, to the best of my ability, the operation of the taxes laid upon insurances against loss by fire, and the probable effects of some suggested modifications of one of those taxes, and I now respectfully submit to you the result of my inquiries.
In pursuing them I have received the most valuable assistance from Mr. Pressly, the Commissioner of Inland Revenue, and the zealous officers of that department with whom he placed me in communication, and to him I owe the benefit resulting from an introduction to the secretaries and managing officers of insurance companies paying amongst them not less than six-sevenths of the whole duty, and of course transacting that proportion of the fire insurance business of the United Kingdom, and probably greatly more than that same proportion of the English insurances on property in the Colonies and abroad. From many of these gentlemen (and I am especially bound to name Mr. Beaumont, of the County Fire Office, ) I have received the most ready and unreserved information on all matters upon which I saw occasion to consult them.
I have, for the most part, confined my inquiries, and have in all cases confined my remarks, to the operation of the duties in England and Wales.
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