QUEENSLAND INSURANCE CO
HEAVY INSURANCE LOSSES, Tho account of the Queensland Insurance Company for the year ended September 30 last disclose that premiums wore £727,923 against £555,191 compared with the previous year, but losses wore £403,604, compared with £289,791. After transferrins £75,000 to the reserve ■ for unexpired risks a surplus of £9451 Is shown, against £26.550 in the previous year, when £20,000 was transferred to tho same reserve. With interest the profit for the term was £65,929. A dividend of 10 per cent, takes£so,ooo, a bonus of 21 percent. £12,500 and £IO,OOO is carried forward. The balance-sheet shows capital paid-up £500,000, reserve fund £200,000, reserve for unexpired risks £300,000, and sundry creditors £440.409, against. £304.624 in the previous year. Included in assets are (loreminent securities £709.373, fixed deposits £188.516. freeholds £1 28,495, and cash £106.715.
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Manawatu Times, Volume XLXI, Issue 3480, 14 December 1926, Page 11
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135QUEENSLAND INSURANCE CO Manawatu Times, Volume XLXI, Issue 3480, 14 December 1926, Page 11
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