UNITED INSURANCE
INCREASED DIVIDEND
United Insurance Company, Ltd., Sydney, proposes a final dividend of 8 per cent, per annum, making 8 per cent, for the-year, compared with 7i per cent, the previous year and 6 per cent, for 1933. The balance to profit and loss account is £38,569, against £49,068 for 1933-34. With £7020 brought forward there is available £45,590. Dividend (interim and final) accounts for £36,000. A sum of £2500 is proposed to be added to the reserve for equalisation of dividends, leaving £7090 to be carried forward.
Premiums,. interest, and rents amount to £330,736. Losses, including provision for losses ascertained, but not yet paid, were £165,886, and expenses and taxes were £126,280. Adding to an increase of £5043 in premiums, interest, and rents a reduction of £5927 in expenses, a fall of £10,499 in the balance against an increase of £21,46 Din losses is accounted for.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19351107.2.129.11
Bibliographic details
Evening Post, Volume CXX, Issue 112, 7 November 1935, Page 12
Word Count
148UNITED INSURANCE Evening Post, Volume CXX, Issue 112, 7 November 1935, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in