STANDARD INSURANCE CO.
■ '▼ "
DUNEDIN, March 5.
The chairman (Mr Keed) at the annual meeting of the Standard Insurance Company said the directors had refrained li;qrn declaring a bonus hi addition' to' /fh'e us'iial' H per cent, dividend because they considered it the wisest and safest policy to bring the -reserve f^nd .up .to at Jeast .its ■former figuresl before considering1 the question of. reverting toa bonus, so that the company might be prepared to meet nny contingency. The reserve now stands at £20,000, and the re-insurance reserve at £15,000. There would be carried forward £5(>08- 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 colonial produce, ■ assisting both fire and marine business.
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Auckland Star, Volume XXXI, Issue 63, 15 March 1900, Page 5
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131STANDARD INSURANCE CO. Auckland Star, Volume XXXI, Issue 63, 15 March 1900, Page 5
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