NEW ZEALAND INSURANCE COMPANY.

New Zealand Herald, Volume XLII, Issue 13050, 15 December 1905, Page 5

NEW ZEALAND INSURANCE COMPANY.

" THE ACCIDENT INSURANCE PROPOSALS. : \.-01 ..V; 4AT lON .' OF, RESOLUTION. Si- fs.ir.tilß general meeting of the .si.»rt; -.odei; of the New Zealand Insurance. Company was held at the company's buildings, Queen-street, yesterday afternoon, for the purpose of confirming the resolution passed at the meeting on November 28, in relation to the terms of amalgamation with the New Zealand Accident, Insurance Company. The Hon. S. Thome, George (chairman of directors) presided, the other directors present being Messrs. M. A. Clark (deputy-chairman), Thus. Buddie, A. M. Myers, L. J. Bagnull, H. Horton, and Chas. Rhodes. There was a good attendance of shareholders. The resolution carried' at the previous meeting (authorising the company to engage in accident and other kinds of insurance business, not including life insurance, and to amalgamate with the New Zealand Accident Insurance Company) was unanimously confirmed on . the motion of the chairman, seconded by Mr. Myers. Mr. J. Gallium, speaking on behalf of the shareholders, said that the thanks of the latter were due to the directors for bringing about the amalgamation of the two companies on such successful lines. The shareholders, he said, fully recognised what had been accomplished by the directors in this matter. Having been a. shareholder in the New Zealand Accident Insurance Company for. the past,2s years, ho could assure them that the business of that company was worth every penny of the purchase money. He was very pleased at the consolidation of the two companies, which, he felt sure, would prove of great advantage to the mother company. The course taken by the directors had been an exceedingly onerous one, but. nevertheless, in the interests of the company, it had been ■a very wise one. He had much pleasure in moving a hearty vote of thanks to the chairman and his co-directors'. Mr. J. M. Mennie, in seconding the motion, said he. fully believed that the shareholders were receiving full value for their money. Mr. J. McLachlan supported the motion, which, on being put to the meeting, was carried unanimously. The Chairman returned thanks, and in doing so said that the vote passed showed that the shareholders were not only satisfied with the transaction, but also that they had the fullest confidence in the Board. (Hear, hear.) The meeting then terminated. • ! '■