NEW ZEALAND INSURANCE COMPANY
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AuoKLAirDr January 8, The New Zsolaod insurance Company which bolda ifca annual meeting to-day. pays a dividend of 12£ per oent. The report la as follows:—" The premlami, after deducting returns and re<lnsaranoei amount to £269,803, an Ineraue of £20 447 for tbe year. After providing for ascertained losser, and paying ao Jnterlm dividend of two shillfngaend sixpenoie pot" T share 1c Jgly lait, th:>re remtfni £22,976 available foe division, whijh the dlreoton reoommand «h"i!l be afproprfatwi ai foL- ;r lows, vfz : To reserve tood £6000, pay ment of 12^ cer cent dividend £12,500 ; bal»n<n cairied forirarj, £6475-, Th* reserve and reinsurance foods will than reach £240,000. The director! haft oarefally gone over the secarltle* with tba auditois estimating tbelr present valae*. Acting on auditors suggestion, the JBoard, has had osrtified valuation! mad* of lift freehold properties, belonsiog to of mor'gaged to the Company by exports,. the renuUs balcg moat satHfaeto.;y,,aqd showing that tha iDveitoaenti 1 eonld^ b» valand at a considerably enhanoad amoant much In exeens of »be ofniinpt y'ala>tlon»
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Ashburton Guardian, Volume VII, Issue 2323, 8 January 1890, Page 2
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178NEW ZEALAND INSURANCE COMPANY Ashburton Guardian, Volume VII, Issue 2323, 8 January 1890, Page 2
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