MERCANTILE MUTUAL
DIVIDEND 8 PER CENT.
Mercantile Mutual Insurance had an H^ei-writing surplus for 1935-36 of £30,219. as against £25,975 the previ- ?. v-, s o ££? r- With net Premium income £12,636 higher at £250,010, adminisexpenses and commission were £1558 more, and taxation, and fire brigades subscriptions were up £1279. m Trease in loss Payments was £5554. Interest and rents were £21,295, slightly below the receipts of the pre■gous year, making the net profit
Interim dividend of 4 per cent was paid in February, and a final dividend ol 4 per cent, is proposed, making 8 per cent, for the year. Dividend distributions account-for £32.000 a sum of £2000 is allocated to • the officers* provident fund, and £3000 for distribution among "the staff. The balance. £14.514, is added, to the contingent fund, making it £33,417. .
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https://paperspast.natlib.govt.nz/newspapers/EP19360801.2.26.20
Bibliographic details
Evening Post, Issue 28, 1 August 1936, Page 6
Word Count
134MERCANTILE MUTUAL Evening Post, Issue 28, 1 August 1936, Page 6
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