N.Z. INSURANCE COMPANY.
AUCKLAND, July 3. |Tbe directors of the New Zealand Insurance Company will recommend to the shareholders an increase of capital by the itsue of 25,000 new shares to be paid up to £2 each, at a premium of £1 per share, on a basis of one new to fire old shares. With the funds already available, the Company .will be able to pay all the San Francisco losses and continue in a strong position for future operations, a paid-up capital anC reserve approximating £600,000. The directors will also propose registering the company as a limited liability 'company, having a subscribed capital of £1,500,000 of which there will be paid up £300,000 intact, and £1,200,000 uncalled. It is intended to pay an interim dividend for the past half-year at the rate of 10 percent, per annum.
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https://paperspast.natlib.govt.nz/newspapers/WAG19060704.2.18.3
Bibliographic details
Wairarapa Age, Volume XXIX, Issue 8172, 4 July 1906, Page 5
Word Count
138N.Z. INSURANCE COMPANY. Wairarapa Age, Volume XXIX, Issue 8172, 4 July 1906, Page 5
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