NEW ZEALAND INSURANCE CO.
Auckland, To-day. The New Zealand Insurance Company’s half-yearly meeting was held to-day. The report showsithal the new premiums, less re-in-surance, were 91,159, being an increase of 12,595 over the corresponding half of 18S1. The past six months has been very disastrous to the underw iting interests in all parts of the world, and this Company has not been fortunate enough to escape heavy losses, both fire and marine. After making a full estimate of claims that had arisen prior to the 30th November, there remains to the credit of profit and loss a balance of Li 9,487. It is proposed to pay a dividend of 3s per share, absorbing Li S,poo, leaving L 4.487 to be carried forward for next year. The total income for the halfyear, including L 21,584, balance from last half, was Li26,76i. The fire and marine losses and appropriation for unpaid losses amounted to L 79,248. The report was adopted.
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https://paperspast.natlib.govt.nz/newspapers/AG18830110.2.13
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Ashburton Guardian, Volume IV, Issue 838, 10 January 1883, Page 3
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158NEW ZEALAND INSURANCE CO. Ashburton Guardian, Volume IV, Issue 838, 10 January 1883, Page 3
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