AUCKLAND.
This day.
At the half-yearly meeting of the New Zealard Insurance Company to day the directors reported that notwithstanding increasing competition and a reduction in tfce rates, the net premiums amounted ,';o £101,829; interest, rent, transfer fees, and increased value of investments, £12,575 ; Josses paid and outstanding £76,932. The directors deem t. prudent, in view of the exteneic-i of the company's busineas in.two.paeiuc states of America to set aside the sum ;805,0C0 towards tie creation of a reserve ij>?d, in order to further strengthen their position should exceptional losses occur in these districts, or in any wooden towns of New Zealand. From the available balance of £18,873 the directors recommend the payment of a dividend of 15 percent., which leaves a balance of £3873 carried forward.
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Thames Star, Volume VIII, Issue 2933, 10 July 1878, Page 2
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127AUCKLAND. Thames Star, Volume VIII, Issue 2933, 10 July 1878, Page 2
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