UNION INSURANCE COMPANY.

Ashburton Guardian, Volume V, Issue 1294, 1 July 1884, Page 2

UNION INSURANCE COMPANY.

[by telegraph] Ohbisxohtooh, The annual meeeting of the Union In» v :'- i s suranoe Oompany was held at noon'to-i'-al day, Mr J. T. Peacock, chairman of the .' ,3 Board of Directors, presiding. The ba* 7 '-'\i lance-sheet showed the receipts the year had been L 19 5,820, including '4 L 9.219 brought from last year, and the' : | losses, reinsurances and general L 182.473, leaving a balance of from which the Directors recommend payment of a 10 per cent, dividend. ah. sRI sorbing LIO.OOO. WSM The Ohairman, in moving the of the report, pointed out that the miums amoonted to L 42,42€ more last year, while there was also* reduction in expenses. On the othvr hand th#lH loimi bed amounted to LUO t *ig, 'i|fH

iu year, tall risks.

America ■T hwp Jiiute as nfocSv was nxpscted, ■P; - ltnd>«M operations in telontt* and BomH- bay had so far paid r&y well Insurance Hp Companies In all rarts of the world were beginning to sea He necessity for an increase la the The report ,aad balance-sheet were adopted, and the retiring Directors re■B elected. A resolution proposed by Mr Acton ■f Adams, in favorof co-operation to prevent. Bgv farther redaction of premiums and aoBawoeplanoe of second class risks, was with■■prawn, on the auarance of the Directors, I they were taking steps in the ditec-1 indicated.- The usual vote of thanks I the proceedings. 1