NATIONAL INSURANCE YEAR
(By Telegraph—Press Association.) DUNEDIN, This Day. The directors of the National Insurance Company of New Zealand recommend payment of a dividend of 5d per share, making a total distribution of 9d per share for the year.
The annual report of the National Insurance Company of New Zealand, Ltd., shows" net income for the year ended September 30 amounting to £343,885 8s sd. After making full provision for losses outstanding there is an underwriting surplus of £20,290 13s 4d. Interest and rents, less income taXj amount to £29,173 0s Bd, and the balance brought forward from last year was £37,499 0s 7d, amounting in all to £86,962 14s 7d. An interim dividend of 4d a share was paid in May, 1939, which absorbed £16,666 13s 4d, leaving .available a balance of £70,296 ls 3d. The directors have added £5000 to reserve fund and have written £7105 13s 4d off the company's premises. Payment of a further dividend of 5d a share will amount to £20,833 6s Bd, making total distribution for the year 9d a share, equalling £37,500. It is proposed to carry forward £37,357 ls 3d.
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https://paperspast.natlib.govt.nz/newspapers/EP19391028.2.151.7
Bibliographic details
Evening Post, Volume CXXVIII, Issue 103, 28 October 1939, Page 14
Word Count
189NATIONAL INSURANCE YEAR Evening Post, Volume CXXVIII, Issue 103, 28 October 1939, Page 14
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