National Insurance Company.
(Per Press Association.) Dunedin, Nov. 14. At the annual meeting of the National Insurance Company, Mr J. M. Ritchie, chairman, in moving the adoption of the report, which recommended a dividend making with the interim dividend of Is 6d for the year, said the premium income was less though the risks were greater. The losses were higher though they had to a great extent escaped the large fires which swept several towns. The expenses differed but little, but there was a loss of about £1200 in rents. They must prepare for less returns from investments. He assured shareholders that the new tariff was necessary, and when 25 companies who had been cutting rates had agreed to take part the Board had no hesitation in joining and the Conference had produced a tariff which had been a bugbear and irritation to many. The Chairman said that up to the date of the new tariff the Insurance Companies had been sitting on a volcano, and that the outcry against the tariff would not be heard in Christchurch where relief had been afforded to insurers, or in Wellington where the rates were about the same. The motion for the adoption of the report was carried unanimously. •
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Bibliographic details
Feilding Star, Volume XVII, Issue 117, 15 November 1895, Page 2
Word Count
206National Insurance Company. Feilding Star, Volume XVII, Issue 117, 15 November 1895, Page 2
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