SOUTH BRITISH INSURANCE COMPANY.
(Br TbiißQbafe.) L AUCKLAND, Septembbb 23 The balance shoot o! the South British 3 Insurance Company for the year ending 31st j August last shows the profit for the year to be £24,502. After adding £7110 to the reinsurance reserve fund the amount to oredit c of profit and loss account, inclusive of Ihe balance brought forward from last year, ' ie £34,163 19s lid. This profit is dealt 8 with m the following manner;— £2o,ooo } is transferred to ,the reserve fund; divi- . dends absorb £6462 16s ; the provision for lo.ss on eecurities realised and depreciation p on other securities is £859 5s 6d, and £1010 - VJ* 2d is written of ofljice furniture and the
1 1 Auokland leasehold. After paying the ueui t dividend at the rate of 10 per cent, per annul m October, which will absorb £3231 Ba, tb a balance to be carried forward to new acoour. a » £2813 13s 3d. The net premiums for tb y year ere £202,135, being an increase c "• £9201 on last year's revenue. The interei on investments amounted to £7985, an m crease of £1264 on the revenue from tbi source last year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD18930925.2.23
Bibliographic details
Timaru Herald, Volume LV, Issue 5780, 25 September 1893, Page 3
Word Count
196SOUTH BRITISH INSURANCE COMPANY. Timaru Herald, Volume LV, Issue 5780, 25 September 1893, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in