ACCIDENT INSURANCE COMPANY.
(Mass ASSOCIATION TZLSOKAM.)
AUCKLAND, January 30. Dm annual meeting of the '.New Zealand Accident Insurance Company waa held this i afternoon, the chairman (Mr T. Buddie) pmiding. The annual report stated that «tar miking full provision for all aecert*in*d losses and liabilities and transferring *2000 to the reserve fund, wlAdh would wws be increased to £30,000, and £J.OOO to the reinsurance reserve fund, which ■wonki then stand at £26,000, tite balance tO'tn* credit of the profit and loss account WM fi*K» 2s 2&, out of which the directors the payment of the usual dividend J» TOpenee per share, a like amount having been paid as an interim dividend to fa* legt, The chairman, in ■wwig the adoption of the report, oongrotulited shareholders upon the tmocess wioh oontinuee to attend the Company.*j» Mt premiums amounted to £47,691, being an jncreaee ot £6619 upon those of last year. There had , been a large increase jl» premium revenue, which, might hare wen espected, partly as the ooneeqoence « additional business caused by the Workera' Compensation for Accident* Act, 1900, out more largely from the expansion of . the Company's operations in the States of ■ the Commonwealth. The report and bal-,«H*-elw«t were adopted. Messrs T. - «ttley and C. V. Houghton, the retiring «W*o», were re-elected.
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Press, Volume LX, Issue 11496, 31 January 1903, Page 9
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212ACCIDENT INSURANCE COMPANY. Press, Volume LX, Issue 11496, 31 January 1903, Page 9
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