New Britain herald., 1926-04-27
INSURANCE SCANT
 ON CITY SCHOOLS
Continued from First Page )

contents, slo,00o.
 Northend school: Building, sSo,. 500; contents, s7000.
 Bartlett school: Building, sSo,S00; contents. 5000.
 Lincoln school: Building, s5o,0O0: contents. s6,400.
 Monroe school: Building, t7O,0OO; contents, $6,0O0.
 Osgood Hill school: Building, s12O,0O0; contents, $10,0O0. Stanley school: Building, S16j,- 000: contents. sl0,000.
 Open Air school: Building, tiO,- GOO.
 Trade school: Building, slsO,oOO; contents owned by state.
 Nathan Hale school; Building, s420, 1000: contents, $40,O00.
 Washington school: Building, si20.o 900: contents, s40.0o0.
 Portable schools: Buildings, SS7- 900; contents s4,S00.
 Totals: Buildings, s4,170,6o0; con tents, SOH ,uUV.
 Plans TO Remedy Conditions The first proposal, contemplating ing tho plan favored by Commit teeman Burr, would so reduce the premium on existing policies AS to bring about refund of 5000. Ad- ditional insurance would be added as follows: Expiring In 1927. s729,- 970; expiring in 1928. s725,O00; cX- piring in 1929. s725,000. The sub scquent annual cost of total insur- ance would be $3,GSS,3S0 or Sl1,- 37c.S0 for three year term policies. By q arrangement of tho insur. ing plan which Mir Wilbur explained i can be brought about. insurng due dates are so arranged that one-third of the total insurance comes duo each year. This effects an annual interest saving, reduces the number of policies, leaves minimum un- earned premium in the hands of un- dtrwriters, reduces the possibility of error and reduces bookkeeping.
 The school department now pays an annual average rate on buildings of $.45 and on contents of s,5S5. The new annual average rate on build ings and contents if this proposal is adopted would be S.37.
 Proposal B, which does not con- template the insuring of fire resls- tive buildings, reduces the rate Of SAG and brings about q refund Of &750. Additional insurance needed to bring non-t1ro proof buildings to their proper figure would be added as follows: Expiring in 1927, $3G5,- 570; expiring in 1928, S38o,00o eX- bring in 1929, $3GO,00 The subSc- cutnt annual cost of total insurance under this plan would be s2,592,' i 3S0 and on three year term policies : of S9,41S.69.
 Under the second proposal con tents of all buildings wolld be in 1 sured. but the lIlihu Burritt. Trade , school, Nathan Hale and Washingt or schools would not be protected l against fire losses to the building proper.
 Probable Arrangement | Under Proposal A which funds favor with tho school committee in surancc on buildings would be fixed at the following figure: Walnut Hill $l49.400: Academic High school $2S2,00Q; Vocational High school $2S0,0O0; Grammar school, $lH2,- 900; Prevocational school, $l56,000; Elm street school Sl2,600; East street school. s14@,400; Smallcy school, $320,00O; Old Burritt school, s56,000; Elihu Burritt school. $2S0,- Oo0: Rockwell school $ll2,Oo0: smith school. s104,0o0; Northend school, $64,64o; Bartlett school, S64,' $40; Lincoln school, $40,0O0; Mon- roc school s56,Ooo; Osgood Hill school, $96,0O0; Stanley school siS2.o00; Open Air school, $S,ooO; Trade School, Sl4h0oo; Nathan Hale school, $336,QQO: Washington school $33G.00O; portable schools. $29,oUV;