N.Z. INSURANCE CO.
(By Telegraph — Press Association.) AUCKLAND, Tuesday.
The balance-sheet of tho New Zealand Insurance Company, Ltd. (paid-up capital £600,000, or £4 per share) for the year ended November 30th, 1918, shows that the net income from premium, interest and rents amounts to £1,235,669. The available balance on the year's transactions, and including tho balance brought forward from the previous year, amounts to £238,813, from which has to be deducted a dividend of £30,000, paid' iv August last. The directors now recommend the placing of £75,000 to the reserve fund, and £25,000 to the staff provident fund. From the balance of £108,813 the directors recommend the payment of a dividend at the rate of five shillings per share, and a peace bonus of one shilling per share, absorbing £45,000, making a distribution of 10s per share for the year, and leaving a net balance of £68,813 to be carried forward.
The paid-up capital, reserves and undivided jn-ofit now amount to £1,488,----813, after providing for the dividend recommended by the directors.
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Bibliographic details
Wairarapa Daily Times, Volume 45, Issue 13754, 5 February 1919, Page 5
Word Count
171N.Z. INSURANCE CO. Wairarapa Daily Times, Volume 45, Issue 13754, 5 February 1919, Page 5
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