NEW ZEALAND INSURANCE COMPANY.

Hawke's Bay Herald, Volume XXI, Issue 5277, 10 January 1879, Page 2

NEW ZEALAND INSURANCE COMPANY.

Auckland, January 9. The half-yearly meeting of the New Zealand Insurance Company wa3 held yesteray. The folio-wing report and balance-sheet; were read and adopted : — Statement of Accounts for the half-year ending 30th November, 1878.

The , directors have much pleasure in submitting tk> the 'shareholders their thirty-sixth report and balance-sheet. After making all due provision for the ascertained losses to date, and: carrying £6000 to reserve fund, which now stands at £40,000, there remains a sum of £19,283 Is lid, available for division, which the directors propose to appropriate" as ■Fi-vHn-nra .

Warrants for the dividend will be issued at the company's office to-morrow, and at the several branches and agencies on receipt of advice. In accordance with the deed of settlement, Messrs Macfarlane, Stone, and Wilson will retire from office, and are eligible for re-election, Messrs Laurie and Fraser also offer themselves for re-election as auditors. directors and auditors were re-elected, and a vote" of thanks passed to the directors and officers. Dr. J. L. Campbell presided.

': ' & a. d. To mynitot of dividend at the rate of 16 percent/ .. .. 15,000 o o Balan«e carried forward .. .. .. 4,283 511 "* utll Ttttal' .. .. .. .. £19,283 111

■PROFIT AMD LOSS. Dr. £ s. d. To dividend half-yew ending May, 1878 15,000 0 0 Commissions, salaries, and other expenses .. 23,154 4 4 Fire and marine losses 60,147 0 & Appropriation for unpaid losses.. .. 28,416 0 0 Reserrefund 6,000 0 0Balance 19,283 12 11 •'"'■'■' ' • £145,999 6 9 Cr. By balance from last half year . . . . 18,873 8 6 Appropriation last half-year .." .. 30,520 0 0 Fire and marine premiums (less re-in-surances) .. 86,000 13 0 Interest,, rents, transfer - fee, and profit on imrestments realised .. ..10,505 5 3 £145,999 6 9 BALAKCE-BHKET. Dr. £ 8. d. To Capital .. .. 200,000 o 0 Be-insurance fund 10,000 0 0 Reserve fund 40,000 0 0 Appropriation for unpaid losses .. 23,416 0 0 Deposit" .. 14,400 0 0 Balance 10,823 l 11 . r; ". , ■ • £397,098 111 Cr. • By Investment* 351,952 5 3 Fire and marina premiums due . . . . 1,832 15 3 Interest and rente due .. .. .. 2,866 9 2 Bills receivable .. 1,979 14 11 Branch and agency balauoes . . . . 26,063 17 10 Furniture, fire engines, &c 1,313 1 7 CMh in bank and on hand . . . . 11,089 17 11 : £397,008 1 11