STANDARD INSURANCE CO.

Sun (Christchurch), Volume 1, Issue 7, 13 February 1914, Page 10

STANDARD INSURANCE CO.

Press Associalio7i. DUNEDIN, February 13. The Standard Insurance Company's report states that the net income for 1913 was £110,076, and the expenditure £86,900, leaving £23,166 to be carried forward, to which has to be added the balance carried forward from last year, £,249. In June last an interim dividend of £3750 was paid, and £.10,000 ha 3 been added to the reserve fund, and £3,500 to the reinsurance fund. Of the balance the directors recommend a dividend of 8 per cent, for the half-year ending December 31 last, absorbing £6,000 and carrying forward £8,176.