SOUTH BRITISH INSURANCE COMPANY.
Auckland, April 11.
At the half-yearly meeting of the South British Insurance Company to-day, the report showed that the income from fires and marine premiums was £66,872 ; from interest and transfer fees, £5185: total £71,057, which added to £12.971, brought forward from previous half-year, makes a total of £83,029. Expenditure— Fire and marine losses paid and outstanding at close of books, £32,830 ; re-inaurance, £14,288 ; agent's commissions, salaries rents, &c, £13,461 ; advertising, printing and stationery, £794 ; Under- writers Association and Fire Brigades, £579 ; Government licenses, £424 ;j making £62,396; or with
! £5000, the dividend paid, £67,396 ; leaving a balance of £15,633 at credit of profit and loss accounts, from which the directors recommend payment of a dividend of 10 per cent. The dividend will be payable at the head office of the company on the 12th of April, and at the branches on receipt of advice.
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Bibliographic details
West Coast Times, Issue 3750, 13 April 1881, Page 2
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149SOUTH BRITISH INSURANCE COMPANY. West Coast Times, Issue 3750, 13 April 1881, Page 2
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