COMMERCE ITEMS.

Dominion, Volume 7, Issue 2167, 4 June 1914, Page 8

COMMERCE ITEMS.

COMJIKIICIAL Tj'SJON* ASSVItANCE. v The report of the OmmcK-.ral Itniott Aβturance Company. hUi. s stfljmittcd to the meeting on May 5. covets' tliu year -ended December 31 last, and states that Hi the fire department the net pfcmiHrtS eaioiintcd to £3.3(50.334, bcinpam incrmsa of .E1Z1« nna the claims paid ait* to £1,727.946. or 51.4 per eeri-t.. of th?..prewmp»' income. From the pi»lVts i 4 this d«paitincnt. the sum of £Js?,(lSp has becii cflttied 1o profit, mid loss, leaving-tbs fire i.rrswnnc« fund at. £3.395,707. In. tlte- marMic' dcpnrtmont the net- protniflins r*«(vPd wirfe £341.757, and the clahns paid and: mitetflfid-. inß amounted to £173 ? 312. Ffom the jvfoM? of this department the - 6 wnl <jf JS7-S,-tHM lms hneii carried to profit and Joss, fcaviiiß w marine insurance fund At £883,797. v In tho accident department the Tvc-t t>Tcisiiims received in the three aet;oirt;ts ol this branch o.mountcrl to £2,877,048, and th»> claims para and outetandinp to £1.482.265. After lua.Kin" iccrrcs in accortlfl-iire Willi the Asbutonce Companies Aet, ISO. for micxWSed viste under current policies in. the ocaideiit and employers' liabflitK {hsutatiee «£; counts and imnsfcrrLitg the sum of £iZiMd to profit arid loss, the lidlnnfeo .of the pen*, ral Occident insur>in;i? tunrl etftSra* at *?6g,437. The sums carried to p'*(tftt «».d loss from the fire, marine, aftd ocEsdeat departmente with £40.0C0 frnm the? Himd-iiwlfond fund 0 mount to £690-:COC, out of. wTiich the sum of £407,868 has bocii a]»piied irt wrUtoS off the 'amount standiil!; te. the (lelrii, of "co?t- "f businesses aentiiwd," the bftl* aurK of-this (leeonjit is £09i.850, enrried forward to 1914, nnd out of Hurt ann ttn diafeotors recommend the pftj-mhttt at f>, dividend of 10s. per elm re (le?s iw-miie tjiix) emodti'tr infc' to £138,895. and raofsittE «Hh the ift. tcrim dividend p.iul fji l\'ovfiniln>.i : last K«. per shave (lens incofiwi toii fcsT the yea* 1913. Provision hsis'Wn masir fi'-r (ho- pay. inont on November 5 jjesl'of an. inlerhb dividend on arcomit of the vra'r 191 A of !os. per sharo (less income t«si. BIMI'rSH A.\D AHSTOAtASIAS 'ffiCST AND LOAK. The report of the B.ritia)'» p.M Austtetasion Trust ond Loan Ltd., ob 4 reduced, for 1913. presented at Kne.etinfi on April'2B, states thot thp occo(t«te show a net profit, after payment, of sji intercet ttnd current expenses, and tairludjnir £56.266 hroufrht forward, of £&239, of which, amount £50G0 was approsiriotcil in Save-ia-ber lost to the paytoeiit. of ftn , Jjitei'im dividend of Is. 3d. pes' s-nafe,- Tliejij thus remains to. be dealt wit-ft a balotiPe of trn> divided profits of £24,209. aacj iiic directors recommend that a fnflher (Mvirtenrl oi Is. 3d. per share, free of income tax (BKikiti" with the interim dividend 5 jier cdEt. foithe year), toKethcr n-itli a. havsas of Is. per share, amounting to £i!<SG, ojso tax. free, be now declared, β-nil ttat the tile* remaining l)nlance-£f5.J39-be curried forward. In pursuance <sEt-be specinj resolrttion passed and confirmed fcv ■ extTflorStaary ?pnerol meetings held oil Kentc.ni.bcr 2 and 23. 1913, application waiji' in<«Je to the Court of Chancery for airtbotity to re-itu.ee-tho capital of the cowMwy to- £40.<!C0 in 80.COO shares of 105. each by return Hit £1 per shere on account «f «apit«l ftnd t.ii.e £2 10s. per share paid, iit ituvnncn of cells on certain and <'ajt.celiihtr the ?.m----(■allecl capital. The lesA-I formalities hjf.v-o involved considerable (Icliiy, but she slir/v.-'. tors hope to receive the nutliAf-. ity to m-'ike there ps.ym<rnt'6 at aj>'«?(ir/y (1-ate. Meanwhile, the eomnoiiy baring fund? Nt its difiporal, t-Ue rtirect-oTS <H«tributed in Felii-uary Inst, Wμ. po'r share fluiountins; to £40.000, whith ftvw debited, to the reserve fund.

EIVER PLATE JJ&VP. Bγ Tolecraph—Press A«oßie*l<jij—Oe-B*ri*bt' Lfindq'n, June t. River Plate shinmcnte fif mutton during the week totalled 147.M0 eaTCaesos; laanß, ffI,SSO carcasses; frozen, beef. 73,000 ntidrters; chilled beef, 354,000 quarters. S'lLVElt. Ear silver ie quoted at 25 1346 d. per ounce standard. WHEAT. (Itec. Juno 3, II.S p.m.) „, , ttin:(ld.n r June -5. The wheat market is f( uict, and iwiecs arc unchanged. There is. lltlc UWdisiß. The American visible supply of whtM cast of the Kockics i-s «6Umal«d ttt, <18-ffI6JMO qi'6. ' ' " TALLOW. (Kec. June '3, 11.5 fun.! m „ „ , toniton, June 3. Talloff.-Stocks. 3095 caeJm: iriipafts, 3t9% casks; deliveries, 3671 c-oslte, the itETAL markets. (Rcc. Juno 3, 11.5 ».».) London. .Tune 3, Coptier.-Snot, £62 6e.: three maaMts. £61 17s. 6d. Supplies, SUttlb.: dclivorios. 48,3581b.; stocks, ?6.67(J{1).; -afloat 4Q30113. • visible supply, 32,3701b. ' Tin.-Snot. £138; thwso menths, £UO. Stacks, 2039 tons: on snot, iVA tons; afloat, 6359 tons: deliveries, 23fc tons. Lend. £19.