NATIONAL INSURANCE.
Directors of the National Insurance Co. ofNew Zealand, Ltd., report that the company's operatlous from let October, 1024, to SOtli September, 1925, show a net income of £213,008 Is 3d. After making full provision for losses > outstandiua. and transferring £(K8» to Reinsurance Reserve, there is an underwriting surplus of £80.C30 7s sd. Interest iiuri rents, etc., amount to i' 3-1,771 17s lUtl. Deducting income tux, £3SSO, tliuro is left £50,3111 17s luil, which, with £28,310 Ss 3d brought forward, amounts to £80,832 8s Sd. Out "of this au interim dividend wan paid in JTiiy, 1025, £12,500; tlio directors have added t* resorve fund £20,000; and placed to taxation ■ uud euiitinceucy account ,£B!)0O. Thsy now recommend the payment or n. further dividend of 2s per share (making the total .distribution for the year 3s Sd per share), 'which will absorb £20.000, and to carry furward £52,582 8s Sd. Messrs. Thomas Oleudining nud F. W Mitchell, directors, retire by rotation, and ofTer themselves for reelection. Tho retiring auditors are Messrs. E. R Smith and W. T. Monkman, who oiler themselves for re-election
NATIONAL INSURANCE.
Evening Post, Volume CX, Issue 118, 14 November 1925, Page 9
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