Fire Insurance
Per Press Association.)
DUNEDIN, Nov, 16. At the annual meeting of the National Insurance Company, the Chairman of Directors, Mr J. M. Eitchio, in moving the adoption of the report and balancesheet, said the work of last year had given an excellent staff a good deal of anxiety. It was not so good as the previous year by nearly £10,000, but the Company could pay the usual dividend and carry £10,000 to the credit of the reserve. The shortage was accounted for by £5700 in total premiums and about £6000 of additional losses, but about £1000 additional interest had been collected. The reduction in premiums was the result of competition with the State •office. Interest and rents were gradually creeping up and were now within measurable distance of providing the usual dividend. He did not think they need view with serious alarm the opera-
tions of tn*o State office. If there was any profit to be made out of the insurance business the National could get its share.
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https://paperspast.natlib.govt.nz/newspapers/MS19051117.2.49
Bibliographic details
Manawatu Standard, Volume XLI, Issue 8143, 17 November 1905, Page 6
Word Count
170Fire Insurance Manawatu Standard, Volume XLI, Issue 8143, 17 November 1905, Page 6
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