COMMERCIAL COMPANY AND MINING NEWS AND REPORTS
Blackwater Mines Ltd. —The annual meeting will be held in London on August 26. The loss for the year to December 31, 1946 was £19,198 after charging New Zealand gold duty £5,762 and depreciation £4,257. These figures are in sterling. Standard Insurance.—-The accounts for the Standard insurance Company Ltd., whose year ended on June 30, show that premium increase rose by £37,284 to £265,207. The ratio of expenses to premium income was 39.8 per cent., against 42.8 per cent, in 1946 and 47.4 per cent, in 1945. Losses accounted for £125,636, an increase of £28,403. The loss ratio was 47.3 per cent., compared with 42.6 per cent, in 1946 and 39 per cent, in 1945. Reserve for unexpired risks was raised £24,000 (last year. £6000) and now stands at £173,000. The underwriting surplus was £10,025, against £33,030 a year earlier and £28,308 in 1945. Interest on investments, etc., (less taxation), yielded £27,878, against £25,131. The net profit is £37,913 (£52,169 last year) and the dividend 15 per cent. (133 per cent.). Wellington Woollen Co.—Final dividend of 2 per cent, and a bonus of 3 per cent., on ordinary and preference shares, making a total dividend. of 8 per c4iit.
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Greymouth Evening Star, 15 August 1947, Page 9
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206COMMERCIAL COMPANY AND MINING NEWS AND REPORTS Greymouth Evening Star, 15 August 1947, Page 9
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