UNITED INSURANCE
Net profit of £60,899 disclosed by the United Insurance Co., Ltd., for the year ended Septembc. 30 is the best since 1930. It compares vim £52,364 lor 1940-41. Steady -dividend ol 9 pe. c ent requires £40,500. Other allocations art £10,000 to reserve, £5000 to re-insurance reserve, and £ 5000 to pension reserve, leaving £10 Zi* to carry forward, against £9824 brought forward. Net premiums increased by £21.475 to £395,149. but interest and rents (less taxation) were £6980 I £^ er at £23,494. Losses fell by £14,209 to S inClUding taXaUOn - rOSe *
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Bibliographic details
Auckland Star, Volume LXXIII, Issue 268, 12 November 1942, Page 3
Word Count
92UNITED INSURANCE Auckland Star, Volume LXXIII, Issue 268, 12 November 1942, Page 3
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Acknowledgements
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