Foreign News: The Nation Foots the Bill

The greatest insurance blanket of all time was dramatically unrolled by Winston Churchill last week in the House of Commons. Ticketed as The War Damage Bill, this measure was estimated to blanket some $30 billions worth of British buildings with insurance, for which the owners would pay compulsory premiums of $800 millions in the next five years. The bill would authorize the Treasury in an emergency to pay another $800 millions into the "premium pool" which the Government thus set last week provisionally at $1,600 millions. If the grand total of war damage to British buildings turns out to be still...

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