THE STATE FIRE OFFICE.

Colonist, Volume LIII, Issue 13171, 29 July 1911, Page 4

THE STATE FIRE OFFICE.

(Social to "The Colonist.")

Wellington, July 38. Last year was the most succe=«ful that tho State Fire Office, has ckdoiieneed. The net . premium income amounted to £40,537 15s 2d, as against £33,281 14s 7d for tho previous year showing tho very substantial increase of £7270 0s 7d, which is the bigg^t expansion in business in any one \ ■ ~r since 190 G. The profits for tho yea" after appropriating to reserve £2908 0s 3d for unearned premiums, amounted to £8487 13s. The year commenced with a, debit balance of £1441 9s (A, which has been converted into a credit balance of £7046 3s 6d. The greatest profit made in any previous year was £2698 13s 7d, realised in 1909. ', he net losses for tho year amounted to £18,913 18s 4d, as against £18>543 "2s for 1909.