INSURANCE.
TIII'I SOITII JUUTISII COMPANY
By Telegraph.—Press Association. Auckland, October 14. At the annual meeting of the South British Insurance Company, the chairman said the reduction of premium revenue entirely in the marine section was caused by the unfavorable conditions of commerce in all parts of the world. In tile ease of the Waratah nearly ihe whole of the company's interest 'censed with the discharge of'the Durban cargo, the company having only a £2OO risk I when she left that port. In fire ami accident business the company suffered; no single loss of a large amount, al | though the losses ill both departments were numerous and frequent. The rates obtainable against fire insurance in New Zealand, he regretted to say, remained quite inadequate for the risks undertaken, and there did not seem any prospect of an early improvement. The indications' throughout the world, however, justified the hope of continued prosperity for the company.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19091015.2.20
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LII, Issue 214, 15 October 1909, Page 2
Word count
Tapeke kupu
153INSURANCE. Taranaki Daily News, Volume LII, Issue 214, 15 October 1909, 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