The South British

Waihi Daily Telegraph, Volume V, Issue 1454, 12 October 1905, Page 3

The South British

AnnMllJEGling By Telegraph.-Press Assofliation. Auckland, this day. At tin) annual mooting of shareholders of the SoutL British Insurance Company, tbo chairman said that tho premium income had increased by 118,420 as oompnred with the prions year. Tho reveuuo from mteross and rents hud increased from £16,78610 $6,324. In view of the oxpansion o! business an iucraasod loss was anticipated. Tho losses were £20,480 more than iho previous-year's. Tho bonus to iho stuff authorised lust year was chiefly rssponsible for tho inoroasoil espousesThe loss ratio was 60.4 per cent,, against 86,1 per cent, in tho previous year. Tho expenseratio wa527.6 a»iinat 248, The underwriting gain was 12 ptr cent ngiiust 19 per cant. The nssuts bad now ronebed the bandsomo sum of £548,095, Tho company had no serious conflagrations during the year, but bud pretty severe fire losses in some places, and also some heavy murine losses ; but it was able to show an underwriting gain of 12 per eont., though tho reßultß°of the Ne.v Zeulaud business were. lesß satisfactory than usual, The shareholders unanimously agreed to a resolution extending tho business to as to cover all risks except thoso oflik