TEW ZEALAND INSURANCE COMPANY. e

Southland Times, Volume I, Issue 29, 6 August 1864, Page 2

TEW ZEALAND INSURANCE COMPANY.

■"-■;•■■' ■ ■ ■ •■ .■;■■.-■■- ■ y At the general meeting of proprietors, held at ■ Auckland, on the 20 th ult., the following report if the 'directors was "presented : . „ "The di.-pctors of the Jfew Zealand Insurance Jompany have again the pleasure to present to . ►resent to .the proprietors their (seventh) report r ' ipon the accounts of the company, for the half- , p ear endiag the 31st Mayj 1864. "-■■< ' o

"Although tho amount gf IQSBO3 ia gueato* than during uny jircyi^s h#<yfii«< ) the sfc&toruonfc how loi(i before yqti eliawa > btilanoo of pvoflt amount;* tyg 1;q £7,036 which, added to thobalfttico bvoUfhtj forward t from t\\& la&fc half-yo&i?, Ic&voh *}lo,Sai 10s. 6d., for Apprem'mtion. Ovtf Qf this Btiovi tlto 4i*9dt<Nß-; declared ft c\lri<iond' <m tho paid-up «Jftpit)t4 of tl\e''.do«(isaay, t,t tact xata t$ ton pay o&ni pcs JvtinvjaVi tiio b'alanoo t« be eawtod to tl\6 'wo&it qf tho TQ^oyvG fond, » $ho &lwl«md will be Buyable on ftnfl ftf&? 11 Tho IDiwoion nKwmitfiA that the s\«h of &L6.ffiX) sio toon iftbffl- the BdMwfa-fiftA'i and" bpjjnieA ta the ft'upiciiiAtfen w ttya fi&UVtfp cupHfti of the Ctompwiy, being *oßßanjSa v b pay ' want V tho fif«asi fc wd^tettfrs of M ftd* dUAw. lunouiii ftf iliattftla«u|) fiajgit&l will Wn %tin&-- --| mMX 10a, 6ct s .■.■■■ . . ... ■ " . ! "Tlia etfqtts of tH« diueobsu to jjromata to tUo utmost thaiWftvo jwoapetltv of tula institution will not be •wanting, wad thoy look with oorift' donoa to thts cwdial tttid enoygotio fiuppovt ef tli6 Bh&foli&ldors to second thoso efforts and thereby inßm*e its oontinuod BUOOO9B! 1 ' Tho following are the detailed items 6f the profit and loss account refemd to. in tho above vopoi-t :— Debit— •Roaervo fund transfer, £3,1,79 9a. 7d. j half-yoavly' dividend, d 21,500; fire and murine losses ( £18,081 Is. 4d. j -expenses, rent, ealaries, commission, &0., £3.773 Os. 4d. ;; last half-yeay's balance unappropriated, £8,885 Bs. 4d. ; balance (being profits), £7,036 7s. Id. ; total, £37,425 Is. Bd.. Obedii — Last half-year's balance, £8,574 12a. lid. ; fire and marine premiums, £26,488 155. 2d. ; interest, £2,371 13 a. 7d. ; total, £37,425 Is. Bd. The balance sheet is presented thus : — Debit. — Capital, £30,000; reserve fund, £15,000; last half year' 8 profit and lo3s unappropriated, £3, 885 89. 4d. ; branches overpaid, £483 175. ; profit and loss, £7,036 7s. Id.; total, £56,405 7s. sd. Credit. — Fire and marine premiums and branches owing, £1,781 17a. Bd. ; bills receivable, £1,314 16s. iOd. ; investments and furniture, £48,377 19s. 6d.; cash in bank and hand, £4,930 13s. 5d. ; total, £56,405 7s. sd. --^».. .... —