COMMERCIAL.

New Zealand Times, Volume XXIX, Issue 4150, 9 July 1874, Page 2

COMMERCIAL.

BY TELEGRAPH. THE NEW ZEALAND INSURANCE COMPANY. Auckland, July 8. The half-yearly*mceting of the New Zealand Insurance Company was held to-day, when the following report was adopted:— Notwithstanding the increasing competition for business, this company more than maintains its position, and premiums have steadily increased. The amount received during the past half-year, £63,216 18s. 7<1., is the largest sum yet received for premiums in any half-year, and shows an increase of £11,595 13s. 2d. on the corresponding half-year of 1873, and an increase of £18.790 on the half-year ending November 30, 1873. The Directors have in view plans for still further extending the Company’s business. The balance of profits for the past half-year is £26,179 17s. 2d. This result is attained after making provision for losses which have accrued during the current half-year. The Directors recommend an ordinary dividend of 10 per cent. The amount now invested stands at £200,055. The Directors have felt the importance of increasing the number of shareholders, and have resolved to recommend the shareholders to increase the capital of the company, and to dispose of a portion of the new stock to those likely to promote its business. A special general meeting of the company will be convened at an early date, to discuss a resolution to be submitted for this purpose. Mr. Alexander Saunders reports:—Share MarketSouth British, 495.; Beach, 15s. ; Cure, 18s 6d ; Red Queen, 2s. Buyers—South British, 495.; Standard, 12s. : Fiji Bank, 555. ; Caledonian, IBss. Sellers— National Bank, 765.