NATIONAL INSURANCE COMPANY.
Per Press Association. Dunedin, Last Night. The annual meeting of the National I Insurance Company was held to-day. The chairman (Mr. J. M. Ritchie), in moving tlie adoption of the annual report, said the year had been considerably poorer than the previous year, losses having been £21,830 greater, or an increase of about 50 per cent. There were serious conflagrations in New Smith Wales, also an unusual loss in isliips. The increase of net premiums was about £4OOO, and interest on investments increased by about £OOO, while loans on mortgages increased by -£21,600. The sum of £IO,OOO was carried to reserve, as against £15,000 last year. The company added £II,OOO to its funds generally, making the total of capital reserves and undivided profits £340,380. The report was adopted and the retiring directors (Sir J. Mills and J, JI. Ritchie) re-elected.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19071120.2.11.5
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume L, Issue 61, 20 November 1907, Page 2
Word count
Tapeke kupu
143NATIONAL INSURANCE COMPANY. Taranaki Daily News, Volume L, Issue 61, 20 November 1907, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in