SOUTH BRITISH INSURANCE COMPANY.
(Per United Press Association.) AUCKLAND, October 9. At the annual meeting of the South British Insurance Company the chairman (Dr M'Dowell) said the company had experienced a prosperous year. Business in all aspects showed satisfactory progress. The net premium revenue was £415,507, an increase on the previous year of £38,842. Nearly all the branches had contributed to this result. The enlarged revenue had been won at the ratio of 28.83. The amount' paid in losses was larger than last year, but the ratio, 55.76, was less. Interest and rents hail grown to £39,006', which closely approximated the amount disbursed in dividend. Compared with the last balance sheet, the Government security was entered at less value owing to depreciation of the market price of some of the stocks, but there was good reason to hope that this was only temporary. Messrs Upton and Peacock were re-elected directors.
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Otago Daily Times, Issue 15892, 11 October 1913, Page 13
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150SOUTH BRITISH INSURANCE COMPANY. Otago Daily Times, Issue 15892, 11 October 1913, Page 13
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