VICTORIA INSURANCE COMPANY

Press, Volume LXX, Issue 21256, 30 August 1934, Page 15

VICTORIA INSURANCE COMPANY

YEAR'S DIVIDEND, 124 PER CENT. Net profit of the Victoria Insurance Compnny, Ltd., Melbourne, for the year ended June 30, 1934, was £43,821, against £-12,457 for the previous year. Interim dividend was 2s a £2 share. The board recommends payment of a further dividend of 3s a share, addition of £15,000 to the reserve fund, ir.r.kim; the fund £215,000, and setting aside of £2OOO to further augment the proposed staff provide'nt fund. For 1932-33 the distribution to shareholders was 5s a share. Premiums for 1933-34 were £303,662, against £316,557 lor 1932-33, The reserve for unexpired risks was increased from £150,000 to £165,000. and interest and rents received were £23,947. Reinsurances, commissions, etc., cost £123,138, against £134,436 for the previous year; management and charges at offices accounted for £71,509, against £70,475, and losses for £71,425, against £82,143. Paiu-up capital is £200,000. A?sets, which include Australian consolidated stock, £231,260; freehold properties, £129,156, and fixed deposits, £135,300, amount to £731,163, against £707,163 at June 30, 1933. COLOMBO TEA AUCTION 'I'EISSS A39OCIATIOM TELEGRAM.) DUNEDIN, August 29. Mr L. M. Wright has received the following cabled report on the Colombo tea auction of August 28:—"At yesterday's auction of 1,810,0001b, common, medium, and fine grades were slightly easier. The quality of the offerings was good. There will be no sale next week." DAIRY PRODUCE MARKET The New Zealand Co-operative Association has received the following cable message from its dairy produce principals, Messrs Lovell and Christ-mas,-Ltd: — butter 78s to 795. Cheese, White 495, coloured 45s 6d to 465. Both markets very quiet. FURNITURE SALE Messrs C. E. Jones, Ltd., report having held a successful sale of furniture and effects in their sale room yesterday. The following prices were realised:—Bedroom suite £l6, bedroom suite £l2 ss, radio £B, Hoover and accessories £7 ss, settee £2 16s, oak extension dining table £1 12s 6d, 3ft bedsterd and wire £2 17s 6d, ditto £2 17s 6d, duchesse £1 13s, sewing machine £2 10s, mirror £1 16s, couch £1 2s 6d, wardrobe £2. chenille curtains £2, lawnmower £2 ss, Chinese lug £1 16s, settee £1 10s, Great American lawnmower £1 10s, Axminster runner £1 ss, mattress £1 2s 6d. ........ _8 FOREIGN EXCHANGES {BRITISH OFFICIAL WIRELESS.) ( IU-ceiYHt August 29, 7.5 p.m.)

MISCELLANEOUS SALE fr. 0. smith, Of the City Market reports 'tins following sales P"™ to £lo, bay last week:-Bay ho«e S pony £l, chost. golu. XI xos, s it to KJ Cows: IS. and W. cow ia los. Jlolstem eow £5 5.=!, Jersoy cow £2 12s 6d, n, ■ cow <-2 12s 6d, Jersey cow £6 ss, , 10 uoaner pigs 10s to 143, small drV saddle and bretch,n« <•1 do' fi Jss set gig harness £4 12» 6d, 7i,,' fl' lOn, road jogger £5, spring I! ';," ',; 'iiT klr hj, trailer i'C 10«, K«den nl * r > 5s small set (lisca £5 10s, do * L'r.d 'ill! cultivator £2B, Cambridge roller r l< -:. ;.ot 3 ieaf harrow, £3 15». wheel, and ax'e >2, 8 tanks £35 10s, range £2 10s v i ir, ,in t'B do. £2. do. £3, <»o. £* 17- u',l 2 Dover' stoves .€9 7s 6(1, i.-neh £l, do. .£2 10s, portable copper £3, d-. .Vi 15s, engine and hose *lO, h-P. en A--', en-ino £1 ir.r„ trawling net A. j«». r-M- I'rrncli doors £2, Kapai incubator £l4. old' ear £6, platform scales £8 10s, - w dov.s £3, open tire boiler £2 10s, fish fryer >:"> IDs set computing scales XII l » evel,. v!{ 10s, do. £3 15s, do. £3 6«, do. 1% 10?, .10. £3 15s, do. £2 ss, el, „e°°carpct 10s, -l. stovo .25, vacuum cleaner £5, carp j:» r,s, fireside el.air £3 ss, couch £3 "s do K2 12s 6d, d. table £2 17s 60, armchair £2 12s 6d, gramophone £2 16«,.carpet rr> 10s, wardrobo £4 7s 6d, do. £4 ' ' do. £5 do. £3 ss, carpet £2 10s, ofh.o .ate Sir, 7s (id, 3-piece suite £l2 10s, table eriver £2, carpet, runner £3 10s, gas ® » 2 £2 10s G.fi. table £3, suite £5 runner £2 10-3 dn £3 la, couch £3, china cabinet •t-2 V, fid, bed and wire £3 7s 6d, d. chest :v 10=.

RUGBY, August 28. Par. Aug. 27. Aug 28. Paris, fr. to .El 124.21 75 27-32 75 25-32 i v.- York. 5.053' dol. t"D XI 4.866 5.058 Jrotitrcal, dol. 4.91J to XI 4.866 4.911 Brussels, 21.29 bclti'as to £1 35 21.30 Geneva, fr. to XI 25.2215 15,321 15.314 Amsterdam, fl. 7.38 to 21 12.107 7.3!) ' Milan, lire to 58J XI 92.48 58 9-32 Berlin. reichrnarlrpTi 12.77 J to XI 20.43 12.83 Stockholm, kr. 19.301 to XI 18.153 19.391 •Jo'ponhagcn. kr. to XI 13.159 22.391 22.30J Oslo, kr. to XI. .18.159 19.904 19.901 Vieuun, scligs. 263 2GJ to XL 31.585 Prague, kr. to .fit 184.25 1201 1201 Tlelsinsfurs. marks to XI 101! 23 226 9-32 226J Madrid, pesetas to XI. 25.2215 36 9-16 36 9-16 Lisbon, escufl' i ; to X 1 110 110J 110J Bucharest, li'i 495 493 to Xt 818.6 .Athena, draeh 520 to XI 875 517 TJelgrade, 2.13 2.18 (ii nars 2 5.2215 Eio do Janeiro, pwnco to tii iIrei m . . 4.892 41 4i Titienos Aires. pun' 1 '', to dol. 45.577 3U.} 361 . 'Montevideo, penco to dol. 51 3!) 394 Bom hay, peneo to rupso 19 18 1-lfl 18 1-16 Shanghai, pence to dol. 10 11-16 16 11-10 TIoriK TConc, penco to dol. V 18 1-10 184 Yokohama, . pence In yen 24.57 .144 14 9-32 Warsaw, par 4 3.30 zlotys to XI. Lntavia, 12.107 guilders 7.3j ' Determined by prico of silver.