SOUTH BRITISH INSURANCE COMPANY.
I —' — j DITTDES-DS OF £45.000. _ The annual meeting of shareholders in ! j - n< \ is3 ' a . t - Srn-sh insurance Company. | I . td -_T~ ** hei u in the board room if ! tne C___E-ber of Commerce. Swanson j Street, on Thursday. October 12 at 11 a-m. The directors' report and balance-sheet l wui be snbmit-ed to the meetin_: as lot i lows:— ■ I _„_7 3 . c _ Eel „? remi '' aEI revenue amonnts to : — 3.6: the income from interest : and rents received and accrued is ! £43_)11 6 '5: total. 10,2. After making _f_H nrovision for | | outstanding, there is _ sarplus in the ; j nnriei wjlung account of £71__24 0/3; I- | income from inxeres- and rents as above ' . amc-ants to 65: total, I £114.735 6 11. ' J | Tnis has been dealt with in tbe fo!- '■ .._o_-_ag manner:—Transferred to reserve ' I i.40.CN.»0: written on investments. ! i-lii6S 1/10: Auckland leasehold sink- ' • S- ? z ll -'";- —.20*'-. Loudon sinking rand. i 225; contribution to oScers' ■ provident and superannuation funds. ' i ~4032 6,5: total. £6Sj£2s g 3. j saving javairaiie £45.5Q9 lj/s. j Out of this an interim dividend of 23 ' per share was paid in April. 1916. ab- | sorbins £2__J>oo. The directors now recommend the payment, out of the bal- '; anee of the profits of the year. 0 : a di-vi- i •-euv- o: _ o per snare—making the total I d-Stnbction ior the year 4/6 per share— ! which will absorb £22_i00. or a total for | of £45_>». leaving £3309 j IS/& To which ___ z i__, a .died balance ; from August. _1915. less dividend and.. i >--ns to stan paid in October. 1915. £-5.119 7 10. ilkkmg to he carried to ithe new ac-connt. £..I£2_3 6 6. i -- 3 ' p directors retiring on this occasion : , are Mr ihomas Pea-cock and Dr. VV. C. W. | McDowell, who. being eligible, oaer , themselves for re-election. Mes_____ G. I ?. Kissling and W. R a. Morrison, the ' reririnir auditors, oiler themselves for re-election. At the reqnest of Mr Morn-s-on—s-'ao left Acekland in May for his health—his partner. Mr J. A." Duncan. ' I was. authorised by the board, in accord- ! snee with article 122. to carry out tne i audit in his place, Mr A. C." Woolcott ! j retired on pension during the year from I i his position oi secretary and chief ac- | I countant to the company. after 34 service, and Mr -/. M*. Stokes has j j been appointed to the position.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19161002.2.52
Bibliographic details
Auckland Star, Volume XLVII, Issue 235, 2 October 1916, Page 9
Word Count
399SOUTH BRITISH INSURANCE COMPANY. Auckland Star, Volume XLVII, Issue 235, 2 October 1916, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.