VICTORIA INSURANCE.
Net profit of the Victoria Insurance Co.. Ltd., Melbourne, for the year ended June 30, 1934, was • £43,821, against £42.457 for the previous year. Interim dividend was 2s per £2 share. The board recommends payment of a further dividend of 3s per share, addition of £15,000 to the reserve fund, making the fund £215,000, and setting aside of £2000 to further augment the proposed staff provident fund. For 1032-33 the distribution to shareholders was 5s per share. Premiums for 1933-34 were £303,662, against £316,557 for 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. Paidup capital is £200,000. Assets, which include Australian consolidated stock, £231,200: freehold properties, £129,156, and fixed deposits, £135,300. amount, to £731.163. against £707,163 at June 30, 1933.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 50, 28 August 1934, Page 12
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160VICTORIA INSURANCE. Evening Post, Volume CXVIII, Issue 50, 28 August 1934, Page 12
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