STANDARD FIRE AND MARINE INSURANCE COMPANY.
The following is the twentieth annual report of the directors :—: —
" The directors have pleasure in submitting the annual report and balance sheet for the year ended December 31, 1893. The income for the year, including the balance brought forward from last year, amounts to £>• 7,741 18s Bd, and the expenditure £71,772 13s 10d, leaving a balance of £15.969 4s lOd. From tbi* amount your directors paid the usual interim dividend in June last, amounting to £2812 10^, and r> commend that the balance be appropriated as follows : — To pay a dividend for half-year ended December 31 at the rate of 7J- per cent, per annum, £2812 103 ; to pay a bonus of 2J per cent., £1875 ; to carry to reinsurance reserve (which will then stand at £14.000), £4000 ; to carry forward to next year £4469 43 lOd Full provision has been made in the accounta for all ascertained losses to the close I the yoar.'
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Bibliographic details
Otago Witness, Issue 2087, 22 February 1894, Page 24
Word Count
161STANDARD FIRE AND MARINE INSURANCE COMPANY. Otago Witness, Issue 2087, 22 February 1894, Page 24
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