NEW ZEALAND INSURANCE.

Evening Post, Volume CIV, Issue 22, 26 July 1927, Page 12

NEW ZEALAND INSURANCE.

The directors of the New Zealand Insurance Company report that the net revenue feom fire, marine, and accident premiums amounts to £1,121,424 15s 3d; the balance brought forward from 1926 is £184>483 4s 7d, less dividend at the rate of lOd per share, paid in August, 192 C, £02,500. The eurplus on the year's operations, after «aking full provision for all ascertained 'losses to 31st May, depreciation of investfcie.nts, arid appropriation, for taxation amounts to £90,152 11s 2d; the net income from interest and rents is £125,358 0s 7d, making a total of £337,493 lCs 4d. This, has been dealt with as follows:—lnterim dividend of lOd per share, paid in February last, £62,500, transferred to reserve fund £73,000; leaving a balance of £199,----893 16s 4d. It is proposed to pay a dividend of Is 9d per share for the year (less interim dividend of lOd per share, paid in February), which will absorb £68,750, leaving a balance to be carried forward of £131,243 16s 4d. The directors have also decided to recommend to the shareholders that £150,----000 be transferred from reserves to capital, thereby reducing the uncalled capital by is per share. Messrs. Henry Horton (chairman), Charles Ehodes, and Alfred S. Bankart retire from the board, but arc eligible and offer themselves for re-election.

finest unsalted, 100s to 104s (100s to IC-is). Irish, creamery, salted, 14Ss to 150h (USs to 150s); unsalted, 150s to 154s (152s to 160s). Dutch, unsalted, 156s to 15Ss (154s to 15Ss). EsUionian, 14Ss to 150s (KGs to 1545). Latvian, salted, 144s to 14Ss; unsalted, 148s to 150s (146s to 1525). Lithuanian, salted, 142s to 146s (144s to i46sl; unsalted, 1525. Siberian, 136s to 140s fl4os to J44s). Danish, 15Ss to 162s (160s to 1625): Danish quantities continue large. Retail prices unchanged. Cheese.—New Zealand, white and coloured, 89s to 90s (87s 88s); market firm, with upward tendency. Australian, coloured, 84s to Sos, up to 86s (82s to S4s). Canadian, old season's, white, 112s (U)6s to 108s); coloured, 98s to 102s (96s to 100); new season's, white and coloured, 90s to 91s (84s, c.i.f.). Consider cheese market prospects good. August and September probably run 88s to 945; October, 88s to 925. | Messrs. Joseph Natlian and Co., Ltd., have received the following cabled advice from their London house, under date 27th July: New Zealand butter, 156s to 15Ss; New Zealand cheese, 925; firm. Messrs. J. and J. Lonsdale and Co., Ltd., London, have advised their agents, Mebsrs. A. S. Paterson and Co., Ltd., by cable, that the butter . market is quiet; 158s. Cheese firmer; 925. ;