CLAUDE NEON YEAR
REDUCTION IN NET PROFIT fsvS'' of £2559 ' compared with 15036 m 1940, are snown in the accounts of Claude Neon of New Zealand, Limited, for the year ended September 30. The profit was applied to increase the floating balance to £11,826. Taxation takes £5100 f^ a t ln £12,600. The report points out that war regulations affecting the blackout had seriously affected business, income from rentals since March had been reduced by £40,000 a year. The va'ue , contracts was £216,403, a decline of £14,012.
QI"EKNSL AXI > INSURANCE
The underwriting surplus of the Queensland Insurance Company, Limited increased t0>£119,533 for the y4ar ended September 30, from f70,473 for 1939-40. - ls £3 2 2 ' 797 ' against £143,794. Dividend is unchanged at 10 per cent requiring £75,000. ' i- T fen t ?r I r n S^' e , for unexpired risks iiw ?• (£IO,OOO last year). Other f»° c t"° n s £50,000 to reserve and £6869 to staff fund, leaving £69 223 to ff r I.forward, against £68,295 brought to' lnc 9 me rose by £110,267 •° i Th ® Profit ratio to premiums is 6.17 per cent, against 7.26 per cent.
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Bibliographic details
Auckland Star, Volume LXXII, Issue 284, 1 December 1941, Page 3
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189CLAUDE NEON YEAR Auckland Star, Volume LXXII, Issue 284, 1 December 1941, Page 3
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