COMMERCIAL ITEMS

Dominion, Volume 11, Issue 250, 10 July 1918, Page 8

COMMERCIAL ITEMS

I • INVESTMENT SHARES X sale of Ward and Co. shares at £4 15s. ! was reported yesterday. The Quotations : were as follow:— 1 Buyers. Seller*. 1 £ 8. d. £ 8. <L Bank N.Z. (old) 12 0 0 - ! Bank N.Z. (new) 17 9 0 I .Well. Investment 0 10 3 — ; Wellington Deposit 0 8 3 — ; Christchurch Gas 5 15 0 — ; /Wellington Gas (£10) 12 0 0 — ■: N.Z. Insurance 9 19 0 — 8.8. Insurance 6 2 0 • Westport Coal 1 1 1 — | 0 7 4 — i Kauri Timber (335.) 18 0 — , Leyland-O'Brien — 1 7 in ! Colonial Susar - El 15 0 , Golden Bay Cement 0 18 0 — ■ illuming and (lo • — 3 2 0 i N.S Drug Co. 2 13 6 : N.Z. Paper Mills 12 3 13 0 i Ward and Co, 4 12 6 5 0 0 j ALLIANCE ASSUItANCE COMPANY. According to the report presented at : the annual meeting of the Alliance Assitrs ance Company, 1193 new lire policies were ; granted by the company during 1917, the total sum assured thereby beine £905,160, ; and the premiums £47,714 7s. bd., wine, : include single premiums of £4628 16s. lOii. i Of the gross sum assured £85,250 wns rei assured with other ollices at premium's ; amounting to £5318 os. 4d. Forty-live new annuity bonds were issued, the conoideni- : tion received in respect of them being £43,620 Bs. 6d. The combined life accounts i produced a total premium income of | £1,104,939 9s. 4d. after deduction of the premiums paid for reassurances. The life I Assurance and annuity funds at the close . of the year amounted to £17 ; 946,531 16s. 4d. i The result of the quinquennial valua--1 tiou of llio provident, lilc fund was to ! disclose an available surplus of £52,619. i The reduction in the surplus was due en- ' tirely to the depreciation, exceeding .LaiHWOO, in the values of the invest litems 1 in the fund. I The lire premium income was £1,516,104 i lCs. 7d. 'i'lic claims (paid and oiitsl!iuninj.-i, ; after inclusion of all charges in respect of ! fire losses and of contributions of £12.691 j 10s. 2d. to brigades, were £6-10,734 17s. Id. (£42 ss. 3d. per cent, of the premiums), ; and the exvenditure and commission were i -';i02,259 16s. Bd. (£36 Bs. 7d. per cent, of the premiums). Out of the resulting surplus of £J23,070 2s. 10d., £58,779 has been • lidded to Uie reserve for unexpired risks, '■ and the remainder, with £71,736 Bs. 9d. in- ■ terest (less income tax) on the lire insur- ! ance fund, hae hcen carried to proit and 1 loss account. The Are insurance fund is I £2.185,797. i The marine premium income was t .! 2,083.943 13s. Id., and the claims amount- ! Ed to £1,054,696 13s. 7d„ of which JE882.331 ; Cs. 2d. waß in rcspect, of the underwriting : account for 1917, and the balance in respect of previous years. The expenses and i commission amounted to £115,917 18s. 9d. , This fund is now £1,685,748.155. 9d. The personal accident account premium ; income amounted to £15,885 19s. 7d. The ■ surplus after the addition of interest (less Income tax) on the fund was £3830 4s. 7d.

The amonnl of the personal accident fund is £23,261. The employers' liability account, premium income amounted to £138,955 Bs. 2d. The surplus after tile addition of interest (less income tax) on the fund was £58,400 3s. Oil., and this amount- lias been carrieu to profit and loss account. The amount of the employers' liability fund is £310,5117 Os. lid. The miscellaneous insurance account premium income amounted to £94,879 16s. Sd. The surplus, alter the addition of interest (lesa income tax) on the Fund .was £25,4iM 18s. 4d. The amount of the miscellaneous insurance fund is £194,834 19s. lOd. The general fund, at, the close of the ] year, amounted to £183,666 14s. 4d. ; The average rats of interest, before de- , duction of income tax, on the entiro funds of the company (whether invested or uninvested) for the year 1917 was £4 Bs. lOd. per cent. , A dividend of twelve shillings per share I (leßs incomc tax) was declared out of the < profits and accumulations of the company . at the end of 1917. An interim.dividend of five shillings per share (less income taxi was paid in January last and the balance of seven shillings per share (less income tax) will bo payable on and lifter e July 5. < Custom?, duties collected at the port, of f Wellington yesterday amounted to £47J1 ] 12s. 5(1. (