NEW ZEALAND INSURANCE COMPANY.
AUCKLAND, January 7. The annual report and balance-sheet of the New Zealand Insurance Company have been issued; The former says that after providing for ascertained losses and paying an interim dividend in July last of 2s fid per share, there remains for distribution a sum of L 36,529 Os 9d, which the directors recommend to be appropriated as follows:—To payment of a dividend at the rate of 12J per cent, per annum, L 12.500; bonus at the rate of fid per share, L 2,500; augmentation of the investment fluctuation account, L 8.000; reinsurance fund, L 10,000; balance carried forward to profit and loss, new account, L 3,529 Os 9d. With the above appropriation the rein surance and reserve funds will amount to L 250.000. The vacancy on the Board caused by the retirement of Mr M‘Cosh Clarke was filled by the appointment of Mr A. G. Horton. Dr J. L. Campbell and Mr T. Russell are the retiring directors.
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Bibliographic details
Evening Star, Issue 8407, 7 January 1891, Page 2
Word Count
163NEW ZEALAND INSURANCE COMPANY. Evening Star, Issue 8407, 7 January 1891, Page 2
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