NATIONAL INSURANCE
A YEAR'S BUSINESS
*TA e ATelv rt ? n T d financial statement of the National Insurance Company of Wew Zealand, Ltd., to be submitted to shareholders at the annual general meeting of the company, to be held in Dunedin, are to the year ended September 30. The net income for the year amounts to £241,106 7s sd. After making full provision for losses outstanding and transferring £1500 to reinsurance reserve, there is an underwriting surplus of £20,009 Is 7d; interest and rents, etc., amount to £30 959 lls Id (less taxation thereon, £3249 14s lid), leaving £27,709 16s 2d. The balance brought forward amounts to £36,909 0s 6d, in all £84,627 18s 3d. Out of this an interim dividend was paid in May, 1935, £16,666 13s 4d. The directors have added to taxation and contingency account £1356 14s 7d and to the reserve fund £5000, and have written off company's premises £3250. They now recommend the payment of a further dividend of 5d per share (making the total distribution for the year 9d per share), which will absorb £20,833 6s Bd, and to carry forward £37,521 3s Bd. G. R. Ritchie and Hon. W. Downie Stewart, directors, retire by rotation, and offer themselves for re-election.
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https://paperspast.natlib.govt.nz/newspapers/EP19351106.2.121.19
Bibliographic details
Evening Post, Volume CXX, Issue 111, 6 November 1935, Page 12
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207NATIONAL INSURANCE Evening Post, Volume CXX, Issue 111, 6 November 1935, Page 12
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