SOUTH BRITISH FEAR

Evening Post, Volume CVI, Issue 82, 16 October 1928, Page 12

SOUTH BRITISH FEAR

; DIVIDEND 2/5 PER SHARE . The directors of the South British Iniurance Co., Ltd., report that for the year ended 31st August, 1928, 'the net premium revenue amounts to £1,033,047 12s 6d, interest and rents received and accrued after payment of income tax on same amount to £126,149 18s sd, making a total of £1,164,197 10s lid. ■ After making full provision for losses outstanding there is a surplus in the imderwritiug account of £86,976 Os Id, income from interest and rents as above amounts to £126,149 18s 3d, in all £213, . 125 18s 6d. This has been dealt with in' the following manner: To reserve fund, £75,000, sinking funds of leaseholds £500, leaving available £137,625 18s 6d. Out of this an interim dividend oMs 2d per share was paid in April, 1928, £60,179; and the directors now recommend the payment out of the balance of the profits of the year of a dividend of Is 3d per share (making the total distribution for the year 2s 5d pev share), which will absorb £64,477 10s, making £124,656 10s, and leaving £12,969 8s 6d, to which must be added : balance from August, 1927, less dividend paid in October, 1927, £180,342 Is Id, making to be carried to the new account £103,311 9s 7d.