GUARDIAN ASSURANCE COMPANY.

Dominion, Volume 2, Issue 621, 25 September 1909, Page 13

GUARDIAN ASSURANCE COMPANY.

'-■■ the: irib?t notable' of-;'t«ceot' additions to iii: the cityYis-the-ornate 'five-story:' structure,'; the, main: .'portion 'bfY'w'luph'". 16'■'. occupied-; bj» the-., New. Zealand, branch' of-.the Guardian "Assurance 'Company,, Ltd.;Yof Xoridoh;,: The\front:!,of jthe- building,' a's J will;', be •seen YbyYthe above reproduction,'.is of'iniposiug and-original.design-(by Mr.: J.YClere), -with :'«'. stron? su»ge«tinv ~of'.'. the ItaUan-Gothic .'school ,'of 'architecture.;..,; l,h.>. 'han4soniß."-'pillars'-'a'r'e"|-of I\ing:Edward marblo' (from •' the ,Cbminonwealtli ■; !Mnrhle'•'Quarries). ;A flight ..of "steps.: gives , access to a ; tastefuhy. designed ithc.'lower, :wal!s ~o fY,wh:cli■ ar,'eYfaoed with Rogatella-.marb'.e: (also.from,: tho Commonwealth '•/.)uarrie,4).,;; To-the .right :are : the hahdsoriic'.y appoliited 'cfficeS'.'of' tho; Guar,' dian:,AM!irauco':',Co;upany,Y;ahd here is fo.bß noted':'the:,,very-,'gr'eat advando-.which -has been nmdß•'.lßtH, l *bgdW' ( l6^.tb•b•'^ls•fei , plile'Ht , of the modernftiteufancoV'omce.' .'Tbr'/a'-'lorig tlrii'o'-the' Guardian 'T3omliifhy f 'fr'& ■MHt'cnP't'o ! tercats'TepresenUd by' accredited' agents— and these-.siiif' : hold', ; . their . cpmmiesiona-r-but ;: tho rapid oipa'nsion 'and far-reaching development of; the.cbmpany',B business Has-now rendered it imperatiye'that the' New Zealahd;biisiness shhll be' supervised by a branch .office, fully staffed; •with headquarters' in. Wellington.'This branch

was established' in- temporary'.offlces. in;'Jon«'aty,;last, and'on,ithe completion of-the 'hand; j some ■ edifice, ■ which Vis , the > subjedt. .irif. this notice.-was domiciled ,in : permanept''quarters. I The. GuardianYAfsnrance Conipany'was origi- j nally founded ■ in' IS2I. 'Its: subscribed , capital is now -with' a. paid-upYcapital.iof '<ei.000,000..'. £as/'.year for.; the. lifo./department, theY.riumKer ■ of-policies receiVcd'.iand:,disposcd qfwan 1117; f0r;.d7.6G,'410.' 'The' total 'nuinTjer of policies'-.in.'jforco .oh.'iDcf-cihb.efY .31 -.'."last;, wa's'i 13,159, 'assuring, .with, : ,l»nuses,'. i X8,721,374'N5. 9d. Of> this', -'Ds.-'7d % , was 'reassured, reducing -the ultimate .'liability: of ~the: .-.company to .185:i2d..; Jiv thexfire departrrie'nrV.'after -deducting: refnsurances, ■, tho pte-m'iuij's--totalled',£sl3,263'' Us,-'7d.,; on. ; increase of iC4CT3 ; lfe;-'-.5d. -The losses (allowing for re-, in'suranocs) tojalled, w£307,150 ; Rs., 1d.,; or: 50.53 per cent.'.of the premiums. s ;The premiums receivcd,.jn j.th^;a9fide,nt,.burg\te',,and, l 'genefal assurance" 'department.' reached ,-h' .total,.,of• £112,503 125.'2 d., and: the.claims settled; allow-ing-for reinsurances," totalled. X 53.021 13s. 2d. The . dividend ■ paid on; the.. subscribed /.capital, was at the rate.of 10 per cent, on theipaid-up capital of eaoh £\6' share; Mr.- R. J.. White .is managcr!:,for.,.'the.'Wellington' branoh office of the.'company. .■, - ,-. -, ■.-•' -YYv ' Y;' Y • ':-'