SOUTH BRITISH INSURANCE COMPANY
ANNUAL MEETING. (IT TELEGRAPH— PRESS ASSOCIATION.) AUCKLAND, This Day. At the annual meeting of the South British Insurance Company, Mr. Peacock, the chairman of directors, congratulated tho shareholders on the result of the year's operations, which were a record for the company. He said that £30,000 had been added, to the reserve fund, bringing it up to £260,000. In addition the board thought it wise in the present abnormal state of business to set aside £20,000 as a contingency fund. The action by the Imperial Government, and in a smaller degree by the New Zealand Government, in the acceptance of a proportion of the war risks, had eased the position in connection with shipping and mercantile interests. He felt sure the shareholders would endorse the action of the board in providing a specia' contingency fund. Messrs. Batger and Russell were reelected directors.
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Evening Post, Volume LXXXVIII, Issue 86, 8 October 1914, Page 8
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146SOUTH BRITISH INSURANCE COMPANY Evening Post, Volume LXXXVIII, Issue 86, 8 October 1914, Page 8
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