NATIONAL INSURANCE COMPANY.

Evening Star, Issue 3686, 15 December 1874, Page 3

NATIONAL INSURANCE COMPANY.

To the Editor. It having come to my knowledge that a few capitalists in town have been doing all they can to reduce the price of shares in the above company, in order that they may buy them cheap, I think it but right to put shareholders on their guard so that they may not be induced to sell at the present low quotations. A little thought will convince fr'em that some tactics must have been adopted for the last six v eeks to reduce the price of the National shares, while the South British have been almost stationary at L2 10s. It is well known the National is doing a far larger business this half-year than ever, and the losses to date have been almost nil. Their price last year in March was 355, and it is thoaghb very probable to see them about 45s after the next half-yearly report, because they are likely to receive about L 60.000 in premiums, and the losses in summer are usually comparatively trifling. Being anxious to see bond fide investors reap the benefits rather than the above speculators, I take this opportunity of informing them of what is being done.—l am, Ac, . Bona Fides. Dunedin, December 14,