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FARMERS' CO-OPERATIVE INSURANCE Company. f

(Per United:, Pjess Association.) GSRiST^URCH, August 23. The annual^meeting of the Farmers' Co 1 -, operative Insurance Company of New Zealand was held v thi3 afternoon. The report stated that -the revenue' for the year wa5£13,79.3 0s lOd, .and expenditure .£66,18 16s. 6d, leaving a .balance, of .£7174 4s 4d. .After appropriating 1 £1560 to reinsure current risks and writings off 10s from- the freef,hold property.- account, a, balance- of .£5665. 5s 4d is available .for distribution. . .A 6 ; per cent dividend is recommended, and the transfer ofriS&OOO W the reserve fund. The Chairman" -said- the company proposed to add accident assurance to -the other business. Before the Government took up accident assurance the rates were 5s 'per cent, for farm handsj and, 30s per cent.for bushfellers. Now _ the Government, with the other companies, had raised the rates from 13s td 20s per cent, for farm' hands and 10s 6d per cent, for bushfellers. He considered, the Fire Brigades Bill one of the most unjustifiable and wanton attempts to rob insurance companies that ever had'been attempted. . •

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https://paperspast.natlib.govt.nz/newspapers/WH19050824.2.40

Bibliographic details

Wanganui Herald, Volume XXXIX, Issue 11645, 24 August 1905, Page 5

Word Count
180

FARMERS' CO-OPERATIVE INSURANCE Company. f Wanganui Herald, Volume XXXIX, Issue 11645, 24 August 1905, Page 5

FARMERS' CO-OPERATIVE INSURANCE Company. f Wanganui Herald, Volume XXXIX, Issue 11645, 24 August 1905, Page 5