NEW ZEALAND INSURANCE COM PANY.

New Zealand Herald, Volume I, Issue 59, 21 January 1864, Page 4

NEW ZEALAND INSURANCE COM PANY.

A jikktixc. of the Shareholders of the New Zealand I nsiiraiicc Company was hold yesterday, in tlu' olliecs of tin l company. Present. Cadnian. lveesin<r. I-Ilir.t 1. Stone. W*. I'. Wilson. D. Graham. C. Taylor. Captain Rattray, Stark : S. 13ro\v]iiii<!-. Esq.. in the chair. Tlic minutes ol the hist meeting hiiviiiLt been read ami continued. the hall-yearly report was read I>v the secretary, as follow's REI'OUT or THE lIIIUXTOHS or TIIK SEW /.IIAI.ANIi IXSI'IIAXCi: COMI'ANY. 'Dm Directors have much pleasure in submitting to the Shareholders the annexed statement ot'accounts. which sbow.s that the balance of protit upon theoprrations ot the past half-year amounts to .CSo(j l l'Js. lid. Notwithstanding tin: heavy losses which have occurred in tlic Branch during the past six months, tlir' Directors have been aide, outoHhe profits of the half-year, not only to provide for those losses, bat also to recommend the payment of :i dividend of ten per cent, per amuuA. They also propose to carry the sum of ,£.'il79 fs. 7d. to the Reserve Fund, which will then he increased to X'15,(100. The dividend will be payable on the 'J'ind instant. The provisions of tlie Deed of Settlement require tlie. retirement of two Directors liy lot, and Messrs. AN illiamson and >Stom: go out of oflice; but being eligible, present themselves for re-election. In conclusion, the Directors again congratulate the Shareholders on the increasing amount of business transacted during the past half-year, especially at the principal Agencies, and on the highly satisfactory position oi' the Company's afl'airs generally ; ami they again call on the Shareholders tor their united and energetic support, to aid them in their exertions still further to increase tlie business of the Company. •Tajiks \Vii.i.iamson, Chairman. N'KIV ZEALAND IXSL'KA.VK COMPANY, »>th NOV., )8l» Hi'- I'ltoriT AM) IjOSS. ifiiw. e s. (l. May—To hall'-vcarly (livhUmd at in jior cent.. . 1.r.00 on ItCSCI'VO l'mill 111,(1110 2 2 „ Fire Losses r,.!iir» 1 0 „ Murine Losses 4;{<to :J j) „ Expenses, viz:—Hunt, Salaries, I'rintiii'--, Commission, Ac 3,77717 II „ Balance K/.iit 12 11

i:W,2cis 1 Or. Mav rtlst.—By balance or lust half-vear'rf account llot;o •> •> 1863. November.—Fire anil Marine Premiums for half year ending 3<>tb November. .20,531 2 7 „ Interest and Stock Transfer Fees . l,7<;:Uij 5 X-:J4,2U8 1 2 IiALANCF. SIIKKT. 18R3. November—To Capital ttO/W) 0 0 „ Reserve Fund 11,'520 1" ."> „ l'rotit and Loss .... ]2 11 i^rrr November.—fsy Investments and Furniture . .42,202 15) (5 „ Fire and Marine Premiums, Interest and branches owing . . I.ws 15 5 „ C:tsh in Bank on hand . . . s 5 ;J 1 The .Auditors having examined tho hooks and ao counts of the Comitunv ibr tin; half vcar endin"- 30th November, 18C3, havo'to report that the Balance Sheet now presented to the Shareholder is a full aiul fair Balance Sheet, and exhibits it true and correct statement of the allairs of the Company. (i. Ki.iott Ki.iott, ) . ... George Phaser, f Auditors. sth January, 186-1-. The report was then adopted. Messrs. James "Williamson and Mr. C. J. Stone, tho two retiring directors, were again elected, on the motion of JVIr. b. E. EJiott, seconded by Capl. Law.

The chairman informed shareholders llm* the company's scrip would be ready for issue on the 22nd iiist.. when the next dividend would also be paid. Mr. Cadinan. in moving the thanks of the shareholders to the chairman and directors, took occasion to compliment, them on the very sat isfactory manner in which (lie business of the company had been conducted. The chairman, in returning thanks, alluded to the prosperous state of the company, and said that they had considered it better to add six pounds to the value of the shares rather than to make a dividend of 2(1 percent. The meeting then separated.