THE NEW ZEALAND INSURANCE COMPANY.
TO THE EDITOR. Sir, —I have seen ib stated thab one-third of the neb premiums of such a company will be about the amount of unearned premium, or as ib is commonly called, the insurance fund. The neb premiums in the balance - sheet recently issued amounted to £265,178, and one-third of this is £88,392. The re-insurance fund is pub down at £110,000, which is £21,608 in excess of the third of the premiums. Ib seems then that, say a round sura of £20,000 in excess of liabilities is put down in the re-insurance fund, andthat this sum should be put to the credit of say reserve fund, or perhaps £15,000 to it, making ib £140,009, and £5000 to investment fluctuation account. lb is no use for a company like the New Zealand to make itself as being worse than it really is, by having its liabilities so much in excess of what they legitimately are. The assets of the Company are reduced by this £20,000. —lam, etc., A Shareholder.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18950116.2.10.1
Bibliographic details
New Zealand Herald, Volume XXXII, Issue 9720, 16 January 1895, Page 3
Word Count
174THE NEW ZEALAND INSURANCE COMPANY. New Zealand Herald, Volume XXXII, Issue 9720, 16 January 1895, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in