NATIONAL INSURANCE COMPANY.
(PER PRESS ASSOCIATION.) Dunedin, Nov 14. At the annual meeting of the National Insurance Co., Mr J. M. Ritchie, Chairman of directors in moving the adoption of the report recommending a dividend of Is 3d per share, said that at several points notably in New Zealand the Company had made no profit at all, but at other points it had done well, thanks to the staff and a bit of luck thrown in. The Company had not done so badly in non-paying districts as others. Tha premium income had increased nearly £6OOO and out of every 20s taken in premiums, the Company had saved for itself about 2s Od. The Board placed £IO,OOO to reserve because they belioved they had a slice of luck this year and were not justi- . fied in distributing more of the profits. The report was adopted, and Messrs J. M. Ritchie and Keith Ramsay were L re-elected directors.
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Greymouth Evening Star, Volume XXXI, 15 November 1901, Page 3
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156NATIONAL INSURANCE COMPANY. Greymouth Evening Star, Volume XXXI, 15 November 1901, Page 3
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