STANDARD INSURANCE CO.
! (By Telegraph.—Press Association.) '' DUNEDIN, this day. The chairman (Mr Reed) at the annual meeting of the Standard Insurance Company said the directors bad refrained from declaring a bonus iv addition to the usual 7-1- per cent, dividend because they considered^ it the wisest and safest policy to bring the reserve fund up to at least its former figures before considering the question of- reverting to a bonus, so that the company might- be prepared to meet any contingency. The reserve now stands at £20,000, and the re-insurance .reserve at £15,000. There would be carried, forward :£SGOB to next year. The company's premium incomes ..showed an increase, of nearly £4000 on the previous year, attributable to the improved state of trade and increased value of coloniak produce, assisting both fire and marine business.
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Auckland Star, Volume XXXI, Issue 54, 5 March 1900, Page 8
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135STANDARD INSURANCE CO. Auckland Star, Volume XXXI, Issue 54, 5 March 1900, Page 8
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