N.Z. INSURANCE COMPANY
CAPITALISATION OF' PROFITS
(BT TELEGRAPH.—PRESS ASSOCIATION.)
AUCKLAND, This Day. At the annual meeting of the New Zealand Insurance Company, - a resolu tion was adopted declaring a dividend of Is 5d per share for the year. It was decided to capitalise £150.000 of accumulated profits. Messrs. E,. C. Car J. H. Gunson, and C. N. Houghtot were re-elected directors.
The chairman, speaking on the "motion to. capitalise the profits, said that most cf the profits came from business out•side New Zealand, and the capitalising of the profits was to bring the money into tins country for the benefit of the Dominion. The shareholders would receive no direci,.,UeUefi.U.icojji the capitalisation ; it merely reduced their lia bility on the uncalled capital.
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https://paperspast.natlib.govt.nz/newspapers/EP19230807.2.20
Bibliographic details
Evening Post, Volume CVI, Issue 32, 7 August 1923, Page 2
Word Count
121N.Z. INSURANCE COMPANY Evening Post, Volume CVI, Issue 32, 7 August 1923, Page 2
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