NATIONAL INSURANCE COMPANY.
(By Telegraph.) (Special to "The Evening Post.")
DUNEDIN, This Day. At the annual meeting of the National Insurance Company the chairman of directors said: "It Is In the interests, not only of the shareholders, but of our policy-holders also, that the reserves of the company should be maintained, and moreover increased at every opoprtunity as a guarantee to assure the public that, whatever conflagration or catastrophe may occur, the National Insurance Company will be in a position to meet its obligations. It is many years since anything in the nature of a catastrophe has been experienced either in New Zealand or Australia, but the possibility Is always before us. Your directors are of tho opinion that any transfer of the reserves to capital should be in the direction of a reduction of the shareholders' liability, and it was in accordance with this principle that transfers were made from the reserve fund of 103 per share In 1916, and again in 1923, and if in future the funds of the company warrant it. further reduction of the liability of the shareholders will be made from tho, reserve fund."
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https://paperspast.natlib.govt.nz/newspapers/EP19261119.2.142.14
Bibliographic details
Evening Post, Volume CXII, Issue 122, 19 November 1926, Page 11
Word Count
190NATIONAL INSURANCE COMPANY. Evening Post, Volume CXII, Issue 122, 19 November 1926, Page 11
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