SOUTH BRITISH INSURANCE
DECLARATION OF DIVIDEND
P©r Pr*»a* AssoelaFton. AUCKLAND, October 15,
The South British Insurance Cora, pane’s ronort allows tho premium income to he £Slili.:lß7 ; expenses £294.17S- losses £.191.940; surplus £80.2.0; interest and rents £95.311; balance forward £lll.Bll ; total available £2*7,392. The directors recommend_ a transfer to the reserve of £65.987, to reserve fund of leaseholds £42-5. and the payment- of a dividend of lid per share, making a total of 21d for the year, absorbing £90.263. and leaving £130.712 to carry forward. The report states that early in the voar the company purchased the majority of the shares in the Eastern United Assurance Corporation. Straits Settlement, payment being made partly in cash and partly by 31.640 shares being cretlited with Iss ner share and issued at a premium of 2> lid. Thif preinitnn. amounting to has been added to the reserve fund.
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Bibliographic details
New Zealand Times, Volume L, Issue 11651, 16 October 1923, Page 4
Word Count
144SOUTH BRITISH INSURANCE New Zealand Times, Volume L, Issue 11651, 16 October 1923, Page 4
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