SOUTH BRITISH INSURANCE COMPANY.

Auckland Star, Volume XXV, Issue 226, 21 September 1894, Page 3

SOUTH BRITISH INSURANCE COMPANY.

The following report and balanee-sbeeb of the directors of the South British Fire and Marina Insurance Company will be presented bo shareholders ab the annual meebing to be held on the 10th prox.:—The directors have pleasure in submitting to the shareholders the statement, oj accounts for the year ended Augusb Slab, 1894 :— The net revenue for the year amounte to ••••>•* xtui c t t 9q\) li y Atter making the tiStial prpvisitfn , 'lj , ' for losses cmtatanding, ftnd adding the sum of J54.000 to the reinsurance reserve fund, there is a surplus in the: rovefiue accountof .. •• ,•• ~-• *35i10p*5 9 Td which has to be added the balance from 1893, £6,045 Is 3d; lesa dividend paid in October, 1893. *3,Z31 8a .. .... .. <8.813 13 3 £35.930 7 0 tVhich has been dealt with in the i ollowing manner :— Interim dividend paid .*.«,.;!?!» in April. 1894, at rate »■->■<> ■ Of 10 per cent, per annum... ..£3,231 8 0 Sinking fund- n Auckland Leasehold 75 0 0 Written off office furniture .. •• 387 11 0 Written off for Depreciation on sundry ~ - ■ ■ ; securities «. ..1.200 0 0 £11,086 8 0. The Directors now recommend the payment of a Diviagna at the rate of 15 per cent, per annum for tho ha)f year, ending ass ■ . 318t' ™'~* • ■■ wl v Leaving, to be carried to the new account., ~. .- •• •• *0"»3 °°. The retiring directors are Messrs W. S. Wilson and J. H. Upton, who, being eligible offer thomselves for re-election. Messrs J. F. Clarke atid 6. S. Kissling, the retiring auditors, offer themselves for re-election. By order of the Board Of Directors. Thos. Peacock, Chairman. Auckland, September 16tb, 1894.