UNITED INSURANCE
The annual report of the United Insurance Company, Ltd., Sydney, shows a surplus of £51,050 compared with £48,329 the previous year. Dividend remains at 8 per cent. (4 per cent, interim; 4 per cent, final) and requires £36,000; a sum of £10,000 is transferred to general reserve, making it £255,000; a sum of £5000 is added to the reserve for equalisation of dividends (making it £23,000). The balance, £50, added to £7419 brought forward, gives £7469 to be carried forward. In the profit and loss account premium receipts are on this occasion separated from interest and rente. Net premiums amounted to £360 ,521, and interest and rents to £34,780, a total of £395,301, against £366,754 a year previously. Losses at £211,898 are £20,093 higher.
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https://paperspast.natlib.govt.nz/newspapers/EP19371116.2.126.17
Bibliographic details
Evening Post, Volume CXXIV, Issue 119, 16 November 1937, Page 12
Word Count
126UNITED INSURANCE Evening Post, Volume CXXIV, Issue 119, 16 November 1937, Page 12
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