NEW ZEALAND ACCIDENT INSURANCE COMPANY.

Daily Telegraph (Napier), Issue 3606, 1 February 1883, Page 3

NEW ZEALAND ACCIDENT INSURANCE COMPANY.

[by telegraph.] Auckland, This day.

The annual meeting of the New Zealand Accident Insurance Company Avas held yesterday. The directors report stated that the company is extending its operations and transacting profitable business. The operations now extend into all parts of Australasia. The amount to the credit of the profit and loss account is now £4557, out of Avhich it is proposed to -pay a dividend at the rate of Od per share, aud of which 3d has already been paid for the half-year ending June 30th. PROFIT AND LOSS ACCOUNT. Dr. £ s. d. To amount paid as compensation 2,627 9 1 To commission, salaries, and general expenses .. 4,748 G G To contingent liabilities .. 1,500 0 0 To re-insurance fund for unexpired risks .. .. 1,000 0 0 To travelling expenses .. 959 19 3 To license fee New Zealand GoA-ernment .. .. 50 0 0 To advertising .. .. 57 12 9 To stationery".. .. ~ 170 12 5 To medical costs .. .. 77 18 6 To balance 4,557 12 0 Total .. .. 15,793 10 0 Cr. By balance from last year (less payment of dividend for 1881 £200, ditto interim dividend 1882 £250, £450) 2,951 14 11 By premiums 12,925 9 8 By interest and transfer fees 3GG 511 Total .. .. 15,793 11 6 The report and balance-sheet were adopted, and Messrs D. B. Cruickshank and C. B. Stone Avere re-elected directors.