NEW ZEALAND INSURANCE COMPANY.

Southland Times, Volume III, Issue 42, 12 February 1864, Page 6

NEW ZEALAND INSURANCE COMPANY.

(From the W&vo Zealander.) The ordinary general meeting of the shareholders of this company was -held at the office, Shortland-sfcreet, on Wednesday, 20th January. There was a good attendance of directors and shareholders. In the absence of James "William • , eon, Esq., Chairman of the Company, Samuel Browning, Esq., presided, and moved the adop- ; , tion of the following \ — • .' '■ ' '•■''■ - : . BEPOBT. "' ! '• •' . " • '.' i ; The directors have much pleasure in-submitting to the shareholders the annexed statement of accounts, /which shows that the balance of profit upon the operations of the past half-year amounts to £8564 12s lid. . ■ Notwithstanding the heavy losses which hare occurred in the marine branch during the past sis months, the directors have been able, out of the profits of the half-year j not only to provide for those losses, but also to recommend the payment of a dividend of ten ; per cent, per annum. They also propose to pay the sum of £3179 9s 7d to the reserve fund, which will then be increased to £15,000. The dividend will be payable on the- ;: • 22nd instant. ;.'■■ ':•:",..■ -.. -■-:;. -.- '-'.!^r \ >■- ''- y -'\ The provisions of the deed of settlement require Uib retirement of two directors by lot, »nd Messrs. Williamson arid Stone go out of office ; but heing eligible, present themselves for re-elec-tion.. ;, -.•'. -.:'; :\ : \, j-;[ .-. ...■■.: In conclusion, the directors again congratulate the shareholders oh the increasing; amount of ; ; . business transacted during ; the yjast half-year i especially at ths prijucipal agencies, and on the . highly satisfactory position of the Company's 1 : ailaxrs generally ;• and they again call on the / ehareboldere- for; their f united and energetic .support; to aid them in their exertions still furfcbeivto ■ increase' the businfessi'of the company. » : • : ■: - James WiniAMspw,-: -::--' :% - Chairman.