NEW ZEALAND ACCIDENT INSURANCE COMPANY.
A SUCCESSFUL YEAR. (BY TELEGRAPH.—OWN CORRESPONDENT). Wellington, Last Night. The annual meeting of the New Zealand Accident Insurance Company was held this afternoon. The directors' report, which was adopted. stated :—The directors have pleasure in reporting that the progress made in the fidelity guarantee and other anxilary departments has eu-jbleel them to propose a transfer of £SOOO (equal to 5s per share) as an instalment to the paid-up capital of the company without trenching on the earnings of the general accident business. After making full provision for all ascertained losses anel liabilities, transferring £4OCO to the revenue fund and £2OOO to the re insurance fund (which will now stand at £14,000 aud £IO,OOO respectively) the balance remaining to the credit of the profit and loss account is £1,421 ss, out of which the eurectots propose to pay a dividend at the rate of 10 per cent, per annum, of which 3f per cent, has already been paid for the half year, ended 30th June last. Messrs C. B. Stone and R. C. Carr were re-elected directors.
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Bibliographic details
Waikato Argus, Volume IV, Issue 242, 1 February 1898, Page 2
Word Count
181NEW ZEALAND ACCIDENT INSURANCE COMPANY. Waikato Argus, Volume IV, Issue 242, 1 February 1898, Page 2
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