COMMERCIAL.
NATIONAL INSURANCE COMPANY. The report reads thus Under the articles of association the present directors are the first directors of the company, and remain in office until the next ordinary general meeting, when two of them retire from office. As you are doubtless aware, the old company became merged in the new (limited) company on Ist October, 1908. The directors accordingly now submit their report and balancesheet for the old company's operations from Ist October, 1907, to 30th September, 1908. The net revenue foi* the year amounts to £129,577 3s 2d. After paying an interim dividend of £7,soo,'there is a surplus of £23,090 Is Bd, to which has to be added balance from last year, £29,339 11s lOd. The directors have added to reserve fund £15,000, and they now recommend the payment of a further dividend of 9d per share (making the total distribution for the year Is ■6d per , share), which will absorb £7,500, and to carry forward £29,929 13s 6d.
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https://paperspast.natlib.govt.nz/newspapers/ESD19081107.2.55
Bibliographic details
Evening Star, Issue 13102, 7 November 1908, Page 6
Word Count
163COMMERCIAL. Evening Star, Issue 13102, 7 November 1908, Page 6
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