NEW ZEALAND INSURANCE COMPANY.

Colonist, Volume LI, Issue 12455, 3 February 1909, Page 4

NEW ZEALAND INSURANCE COMPANY.

" A DIVIDEND DEOLAKED. : [United Peess Association.] . Auckland, Feb. 2. From the balance-sheet of the New Zealand Insurance Company for the year ended November 30tn, wbich has just been published, it appears tnat the net income from premiums, interest and rents amounted to £647,300. The credit balance after the payment of the dividend of £15.000 in August last, is £70,293,, out of , which the directors recommend placing £45,050 to the reserve fund, and"i.£lsoQ 4 to the inveatmerjt. :7 fluctuations account. From the available balance of £23, 793 ; the Directors recommend the payment of a dividend at tne rate Of 2s per share, absorbing £15,000, and mafcing ten.per pent lor the year. The paid-up capital, reserve, undivided profit now amount to £74,3793,; after providing for the dividend recommended. ."■'".''