NATIONAL INSURANCE COMPANY
ANNUAL MEETING. f_BX TELEGRAPH — PRESS ASSOCIATION.] DUNEDIN, 16th November. The annual meeting of the National Insurance Company was held to-day. In moving the adoption of the report, Mr. J. M. Ritchie (chairman of directors) said the balance-sheet was of a fairly favourable character. Though the company bad come out fairly well, business in New Zealand was bad, and there was reason to believe that money was lost all over last year. The Government .taxation was still going up, and, adcled to the competition of the State Fire Department, was coming to be a hoavy burden on the prontt. All the company's known losses had been provided for, including those on the Maori and Waratah. The company's asset.s remained much the same us last year, and all investments were sound. Interest and rents had increased by £945, and premiums by about £8000, this being partly due to tho accident department, which the directors expected to have in operation at all points during the^ coining year. The underwriting profit;- for the year amounted to about £13,000. The motion was carried. Messrs. A. Burt and J. Maloney were re-elected directors-.
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Bibliographic details
Evening Post, Volume LXXVIII, Issue 120, 17 November 1909, Page 3
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190NATIONAL INSURANCE COMPANY Evening Post, Volume LXXVIII, Issue 120, 17 November 1909, Page 3
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