NEW ZEALAND INSURANCE COMPANY.

Star (Christchurch), Issue 5458, 9 January 1896, Page 2

NEW ZEALAND INSURANCE COMPANY.

[Peb Pbess Association.]

_ AUCKLAND, Jan. 8. Tho annual meeting of the New Zealand Insurance Company was held this afternoon.

The annual report of the accounts of the company as at Dec. 30, 1895, showed the profit on the year's transactions, after making full provision for all ascertained losses, to the date of balance, to amount to .£32,953 18s 9d. The balance brought forward from 1894, after payment of a dividend in January, was- ,£18,608 15s 2d, or a total of .£51,562 13s lld. From this there had tb be deducted the interim dividend paid in July last, and there was an available balance at profit and loss account on Nov. 30, 1995, of =£39,062. 13s lld, from which ..the 'Directors recommended the following appropriation : — Payment of a dividend at •the rate of 12i per cent per annum, .£12,500; payment of a bonus to shareholders of 6d per share, =£2500* investment fluctuation account, .£6500; contribution to Auckland City Leasehold Sinking Fund, =£5000; balance carried forward to new account, .£12,562 13s lld; total, .£39,062 13s lld. Although the amount standing to credit of the Auckland City Leasehold Sinking Fund is now very considerable, the Directors thought it prudent to add a : further sum of .£SOOO. They also appropriated .£6500 to investment fluctuation '.' account.

The report was adopted trhanimously. ': 'Mr J. L. Campbell and Messrs J. L.---r Wilson and A^Hi Nathan were . reelected ;directors" of 'the -company.,:' -Messrs A-.; ; Boafd&an 1 :fflidH; : iGiHif^ elected auditors.- ■-'• ; ' - i '-„ ■'...'.,'* y >; -y.