Farmers' Co-operative Insurance

Taranaki Daily News, Volume XLVII, Issue 7907, 24 August 1905, Page 2

Farmers' Co-operative Insurance

Adverse Opinion on Fire Brigades Bill. 'Per Press Association.) CHRISTCHUKCH, Aug. 23.- 1 The annual meeting of the Farmers' Co-operative Insurance Company ol New Zoalund vnS 1 held this afternoon. ,Thc report stated that itiio rcyenue for the year was £18,793 Oa lOd, n n<l the expenditure £661816 a 6d, leaving a fcaiance of £7174 4a 4d.j After appropriate '£lsoo ta reinsure current risks and writing qB £8 19s from the freehold property account, the balanqe ol £5665 5s 44 was available for distribution. A' 6 per cent, dividend, was recommended, and the transfer of £IOOO to t'hg reserve fund.

The Chairman . Said the company proposed to add accident insurance to the other business before the Government took up tho accident Insurance, tb? rates lor which were 5s ptf Cent- for a farm, halted and 80s per ccpt. for bushfcllers Now the Co-, vernmenfc, with tlTe other companies, had raised tho rates from 13s to 20s i>er cent, for farm hands, and 10s 6d per til i t,, tor bushfellerK. Ha consideied tho Fire Blades Bill ono of the most unjustifiable and wanton attempts to rob insurance companies that had,ever boeu mado.