NATIONAL INSURANCE COMPANY.
[BY TELEGBArH— FRES3 ASSOCIATION.] DUNEDIN, This Day. Mr. Ritchie, at the National Insurance Company's annual meeting, in moving the adoption of the report, said there wag not the same increase in the premium income this year as last, but the losses were less. by £8000. The expenses werq £2000 greater, mainly owing to me inevitable increase of the staff, due to increased competition. The directors have been aMe to increase (.he reserve for current risks' to nearly 50 per cent, of the premium income. They have been anxious to do this for some time, as this percentage iq recognised by all the best authorities ab Home as a safe standard, and was em forced by law in America.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19021118.2.27
Bibliographic details
Evening Post, Volume LXIV, Issue 121, 18 November 1902, Page 4
Word Count
121NATIONAL INSURANCE COMPANY. Evening Post, Volume LXIV, Issue 121, 18 November 1902, Page 4
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in