SOUTH BRITISH INSURANCE COMPANY.
[BY TELEGRAPH.PREPS ASSOCIATION.]; DtJNEDi.s*, Tuesday. A meeting of the shareholders of the South British Insurance Company was held to-day a Christchurch resident and shareholder being in the chair. The following resolution was carried :—" That a delegate be appointed to proceed to Auckland to confer with the directors as to the present unsatisfactory state of the company's business, and to lay before them the shareholders' views ; (2) that it be a recommendation to the directors to close all business in England both tire and marine, except such as is connected with Australia; (3) that the same course be adopted with the eastern trade; (4) that no new agencies be opened in foreign countries ; (5) that competent inspectors be appointed with the view of having all risks estimated and supervised ; (6) that no further issue of shares be made; (7) that the delegate obtain full information as to bow the capital reserve funds arc invested.
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Bibliographic details
New Zealand Herald, Volume XXIII, Issue 7719, 18 August 1886, Page 5
Word Count
157SOUTH BRITISH INSURANCE COMPANY. New Zealand Herald, Volume XXIII, Issue 7719, 18 August 1886, Page 5
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