AUCKLAND

New Zealand Mail, 5 February 1902, Page 28

AUCKLAND

(By Telegraph.—Own Correspondent.) AUCKLAND, January 30. Mr T. E. Donne is superintending af rangements for the establish®*® . Queen street of a tourists 1^ £or lj , bureau and inquiry office. Mr I Montgomery has been appointed a of Commerce this a.ft er noori unanimously “That the council thank « Premier for his efforts to Jj“Smeat the colony a share in the supp y , s to the army in South Africa amd hop that he will he successful in sec j such conditions of contracting » result in a large export/rom the co for army consumption. c hairIn the course of discussion • p rc , man (Mr Hugh Campbell) s sllggestmier’s remarks on this to a <]opt ed tho readiness of the coin y a policy of reciprocity wit > Reference ain. He pointed out that P th© was to bo given to meat t bs British colonies, they should in .

utilise articles manufactured in Great "‘Mr FowWs, committed the l ? mbefto’ nothing but the bare fact Whe Premier was endeavouring to that tue J: lnv a f a i r share in supplyseCUrol to the British Army. He did iD ! KoWeve for one moment in a prefern° e the Empire, which would go down if it departed from its said it was not a matter of reciprocity. There niere ,, hp a feeling of federation throughTlie colonies should jftrScdos'partoftheEmpinc Mr Jno. Reid said England already .fitted the colony’s produce free from tax so that there was no question of tF Mr Carfseegner, tlie German Consul, supported the resolution, but said a preferential tariff was entirely a different matter necessitating, first ot all. certainty as to the correctness of the statistics so as to know where we really got onr'goods from and where we sent outproduce January 30.

The annual report of the New Zealand Accident Insurance Company, to be presented to the shareholders tomorrow, states that after making full provision for all ascertained losses and liabilities, there remains to the credit of profit and loss account a balance of £3911, out of which the directors propose to declare the usual dividend of sixpence per share, in addition to a similar interim dividend for the halfyear to 30th June last. Tlie net premium income for the year was £42,072. Compensation claims totalled £25,766 (an increase of £6OOO on the amountpaid last year). Investments have grown to no less than £100,109, producing an annual revenue of over £3OOO. The sum of £SOOO, which formerly stood to the credit of contingent liability fund, has been transferred to the reserve, which now stands at £28,000, and after providing for all liabilities and for a new issue of shares £3911 is carried to the credit of profit and loss account. The total assets are over £107,500. The directors have not exceeded the usual dividend, but to give shareholders the benefit of the accumulated funds, have decided to issue to shareholders 30,000 of the 80,000 unallotted shares, which will entitle each shareholder to 1) shares paid up to ten shillings for each share held on January 23rd. These shares will rank equal with the existing shares carrying a dividend from June 30th last. Altogether the year has been one of marvellous prosperity.