AMALGAMATION OF INSURANCE COMPANIES.
(IVr Press Association.) AUCKLAND, Nov, 2H. At a meeting of shareholders of the New Zealand Accident Insurance Company a resolution tvas c.rried authorisinu Hie disp<»al of llu l Company's business to the New Zealand Insur-aiii-o Company in accordance with terms arranged A meeting of shareholders of the New Zealand Insurance Company was also held for the purpose ol' considering resolutions in coiiui :-;ion with the amalgamation. 'Two resolutions were passed, the liist giving the directors [lower to undertake accident insurance and to acquire the business of any other company carrying on similar business, f,lid the second authorising the increase of the capital ot the Company to tl,'2.")0,000 by llie creation of 2.~>,(j00 new shares of £lO each. The tonus cm which the Accident Insurance Company has agreed to combine with the New Zealand Company are the receipt of 25,000 shares ill the latter Company, and payment I cif £ll "i.OOO in cash for the goodwill. The whole of t.hoasse\S"f the Accident ('onipany are to be taken over b\ tin. Insurance Company. 1
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Taranaki Daily News, Volume XLVII, Issue 7990, 29 November 1905, Page 2
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176AMALGAMATION OF INSURANCE COMPANIES. Taranaki Daily News, Volume XLVII, Issue 7990, 29 November 1905, Page 2
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