COMMERCIAL ITEMS

Dominion, Volume 11, Issue 270, 3 August 1918, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's nuotaliens for investment sharae were as follow:— Buyers. tJellere. £ e. d. £ s. d. National Bank — 518 0 Bank N.Z. (old) 12 12 0 Hank K.Z. (new) 17 16 0 18 0 0 National Mortgage 4 16 — Well. Gas (pref.) - 0 18 9 Rational Insurance 218 6 — N.JS. Insurance — 10 2 6 H.IS. Insurance — ■ 6 7 0 ;■ i._ .ii insurance 2 2 0 — N.Z. Refrigcratinfr 2 0 0 — Gear Heat (£4) 20 0 0 - Gear ileat (JED 5 0 0 - Auckland Trams (ord.) ... 019 3 ■ — Iluddart-Purker (ord.) ... 118 3 - N.Z. Shipping (pref.) 10 10- 0 — Union Stciim (pref.) 1 011 — . P.'and O. Dof. Stock ...325 0 0 329 0 0 Kniapoi Woollen (ord.) ... 7 5 0 — •J'-MDiri On.il '. 019 6' TVcetport Coal , 110 0 — Ijoyland-O'Brien — 17 9 '■V-'inesiniiitu Totara — 1 0 II Colonial .Sugar 21 7 6 2112 6 Ooldeu Bay Cement 0 19 0 10 0 X.7,. Drug Co - 214 6 >;:/,. Paper. Mills 12 6 13 6 NORWICH UNION FIHB SOCIETY. The annual report of the- directors of tliu .N'orwicn fire insurance Society, Limited, states: I'liu tire account snows that tlie net premiums amounted to £i,J6b,U44, mid tlie let lossi'3 paid ami outstaud)ns to £671,841. After charging auents' commisuioii ftud all expenses oi management, and adding £21),98ti to the reserve for uucxiiired ri3ks iu respect of the usual provision of 40 per cent, of the premium income, tho surplus of £197,767 is carried to prolit and loss. The accident account allows that the not premiums amounted to £637,543, and the net .clainin paid to £214,803. After setting asido 40 per cent. oi the premium income as reserve for iinexpired risks, providing : for outstanding claims, and charging commission and all expenses of management, tho sum of £87,374 is carried to profit and lobbi The net premiums amounted to £322,921, which with the balance hrought forward make a total of £562,796. The claims in respect of 1917 and previous years, and the profit commission were £241,470, the expenses of management £9845. Tho underwriting account for the year 1916 has been .closed, and the ascertained profit of £22,551 is carried through the profit and losb aocount to the marine additional reserve The balance in profit and loes account amounts to £272,118, and the directors recommend a iinul dividend of twentyseven shillings per share, less income tux, in addition to the interim dividend of fifteen ohillinga per share, less income tax, paid in January last, making forty-two shillings per share, IeSB income tax, for the year 1917. The assets of tho society as shown in the balance sheet amount to £3,953,450. Customs duties collected at the port of Wellington yesterday amounted to £5176 sb. lid. VICTOBIAN PRODUCE MARKET. By Telegraph-Press Ai=.3ociation~CopyriEht. Melbourne, 'August 2. Barley, Chevalier, malting, ss. 9d. to 6s. 3d. per bushel; Cape. 4s. od. to 4s. 4d. Oats, Algerian, milling, 4s. 2d. to As. 3d.; feed, 3s. 10d. lo 4s. Potatoes, £-3 10s to £4 10s. per ton. Onions, £15 10s. to £16.