HALF YEARLY MEETING NEW ZEALAND INSURANCE COMPANY.
ArKXAXD, This day. The half yearly meeting of the New Zealand Insurance Company took place today. The report shows the net premiums, less re-insurances, to be £01, Loi), being an increase of £ 12,595 over the corresponding half of the year 1881. The past six months have been very disastrous to the underwriting interests in all parts of the world, and tiiis Company has not been fortunate enough to escape heavy losses by fire and marine. After making a full estimate of the claims that have arisen prior to the 30 th of November. there remains to the credit of the profit and loss account a balance of £19,15 T. It is proposed to pay a dividend of '■}* per shave, absorbing -tIo.OOO, leaving £1187 to be carried forward to next year. The total income for the half-year, im-ludinjr .-t".21,084 of a balance from'the last half-year, was £120,7(11. The fire and marine losses, and appropriation for unpaid losses, amount to U70.218. The report was adopted.
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Bibliographic details
Daily Telegraph (Napier), Issue 3587, 10 January 1883, Page 3
Word Count
170HALF YEARLY MEETING NEW ZEALAND INSURANCE COMPANY. Daily Telegraph (Napier), Issue 3587, 10 January 1883, Page 3
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