NEW ZEALAND INSURANCE CO
(P A ) AUCKLAND. Aug. 10. The statement that a diminution of income was onore likely than an increase in the near future was made by the chairman of the New Zealand Insurance Company, Mr Charles I. Nathan, at the company’s annual meeting to-day. He said the company’s re-entry into places from which the war had excluded it should ultimately tend to replace the income now received from war risk and increased marine rates, and the exploration of new fields was kept well in view. In line with this policy operations had been expanded during the year in the Near East, and opportunity was taken to enter business in Canada, which should provide a fair volume of income. The outlook to-day was much brighter than could have been expected a year ago, but the figures this year must not be taken as a standard for the future. A pleasing feature was the improvement in revenue derived from investments and rents.
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Otago Daily Times, Issue 25301, 11 August 1943, Page 4
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163NEW ZEALAND INSURANCE CO Otago Daily Times, Issue 25301, 11 August 1943, Page 4
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