NATIONAL INSURANCE COMPANY.
[By Telegraph.] Dunedin, Nov. 18. Tlic seventh annual meeting of the shareholders of the National Insurance Company was held to-day, Mr Keith Ramsay presiding. In moving the adoption of the. report the chairman said that the company on paying the £SOOO now due, would have paid TOO,OOO in dividends ; they would have paid £308,877 in losses up to Sept. 30 last, and have carried forward -as a reserve fund £IOO,OOO. These results on a capital of £50,000, during seven years, were results that ought to satisfy the most ambitious shareholders. The report, which provided for a 10 per cent dividend and a bonus of (id per share, absorbing £SOOO, and the carrying forward of £15,000 to the reinsurance fund, was then adopted.
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South Canterbury Times, Issue 2394, 18 November 1880, Page 2
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125NATIONAL INSURANCE COMPANY. South Canterbury Times, Issue 2394, 18 November 1880, Page 2
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