SOUTHERN CROSS ASSURANCE.
Southern Cross Assurance Company, Ltd., last year, ended 30th June, accepted 6540 proposals for £l,Sos,7o2,'yielding annual premiums of £67,427. The previous year proposals accepted were for £1,766,----057. Renewal premiums were £124,284, and total premium income, including consideration for annuities (£1453) was £179,339. Claims under policies were by death £21,043 and hospital treatment £1593. Cash surrenders were £5418. Field and management expenses amounted to £121,076, being 67^ per cent, of premium income. 'Interest rents, and other receipts amounted to £27,549. Funds of the ordinary department at the close of the year were £282,624, an addition of £42,841. In the accident department, as a result of the year's operations, fundd diminished by £347 to £9458. The balance-sheet shows capital o£ £300,000, an overdraft of £22,841, and mortgages of £57,500. Assets are valued at £451,548. There is an establishment, organisation, new business extension, and purchase account of £202,616.
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Bibliographic details
Evening Post, Volume CVIII, Issue 115, 11 November 1929, Page 12
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148SOUTHERN CROSS ASSURANCE. Evening Post, Volume CVIII, Issue 115, 11 November 1929, Page 12
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