COMPANY NEWS
SOUTH ISLAND MOTOR UNION INSURANCE (United Press Association) CHRISTCHURCH, September 12. The South Island Motor Union Mutual Insurance Association received a premium income of £56,038 in the year ended June 30, compared with £44,752 for the previous period, and the loss ratio dropped from 61.73 per cent, to 57.95 per cent, and the expenses ratio from 24.3 per cent, to 23.7 per cent. The total funds stand at £135,410 and the reserves total £109,545. The directors report a surplus for the year of £8291, which has been disposed of by adding £594 to the general reserve and £844 to the bonus rebates paid during the year and reserving £6854 for bonus rebates to be paid in 1938-39. AMERICAN SUBSCRIBERS RUSH LOANS WASHINGTON, September 11. The Treasury announced that cash subscriptions aggregating 4,488,000,000 dollars had been received for the 2J per cent, bonds—more than 11 times the amount asked for—and 3,051,000,000 dollars for the 1| per cent.—which was 10 times the amount sought. ,
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https://paperspast.natlib.govt.nz/newspapers/ST19380913.2.12
Bibliographic details
Southland Times, Issue 23612, 13 September 1938, Page 3
Word Count
164COMPANY NEWS Southland Times, Issue 23612, 13 September 1938, Page 3
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