STANDARD INSURANCE.

Evening Post, Volume CXXXII, Issue 42, 18 August 1941, Page 3

STANDARD INSURANCE.

In their annual report for the year ended June 30 last the directors of the Standard Insurance Co., Ltd., state that the net revenue for the year amounted to £228,079 Is Id, and the expenditure to £191,000 10s 3d, leaving a balance of £37,078 10s lOd, to which has to be added the balance carried forward from last year, viz., £24,612 9s Id, making a total of £61,690 19s lid. From this an interim dividend was paid in March last amounting to £12,500, and leaving a balance of £49,190 19s lid, which.has been dealt with in the following manner:—Allocated to reserve fund, £10,000; appropriated for depreciation of securities, £2000. The directors recommend that the balance, £37,190 19s lid, be dealt with as follows: —Pay a dividend for halfyear ended June 30, 1941, at the rate of Is 3d per share, £12,500, and carry forward to next year £24,690 19s lid. Full provision has been made in the accounts for all ascertained losses to the close of the year. Messrs. Herbert Price and George W. Hutchison, C.M.G., the retiring directors, offer themselves for re-election.