NEW ZEALAND INSURANCE COMPANY.
(by telegraph.) Auckland, July 14. The half-yearly meeting of the New Zealand Insurance Company was held this afternoon. The directors' report showed that., after providing for all ascertained losses and writing off L 3,554 as depreciation on investment, there remains a sum of L 22.679 available for division, which the directors recommend should be appropriated as follows :—To payment of dividend at the rate of 10 per cent, per annum, LIO,OOO ; to bonus at the rate of 5 per cent., L 500 0; to balance carried forward, L 7679: total, L 22,679. The bonus of 5 per cent, now declared is to equalise the dividend, 5 per cent, only having been paid to shareholders for the preceding half year. Warrants for the dividend and bonus will be issued at the head office to-morrow, and at the several branches and agencies on receipt of advices.
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Bibliographic details
Oamaru Mail, Volume IV, Issue 1319, 14 July 1880, Page 2
Word Count
148NEW ZEALAND INSURANCE COMPANY. Oamaru Mail, Volume IV, Issue 1319, 14 July 1880, Page 2
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