N,Z. INSURANCE COMPANY
| ANNUAL BALANCE-SHEET. (BT TELEGRAPH— FBESS , ASSOCIATION.) AUCKLAND, 4th February. The balance-sheet of the New Zealand Insurance Company, Ltd., for the year ended 30lh November, 1912, is published, from which it appears that the net income' from premiums, interests, and rents amounts to £713,819. The available balance on the year's transactions, and including the balarice brought forward fronj the previous year, amounts to £121,250, from which has to_ be deducted a dividend of £18,760, paid in August last. The director* now recommend the placing of £50,000 to reserve fund and £6000 to provident fund. From the balattce v of £47,510 the directors recommend the payment of a dividend at the rate of 2s 6d per share, and a bonus of Is per share, absorbing £26,260, making 6s per share for the year, and leaving a net balance. of £21,260 to be carried forward. Paid-up capital, reserves, and undivided profit now amount to £891,260, after providing for the dividend and bonus recommended by the directors.
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https://paperspast.natlib.govt.nz/newspapers/EP19130205.2.133
Bibliographic details
Evening Post, Volume LXXXV, Issue 30, 5 February 1913, Page 11
Word Count
166N,Z. INSURANCE COMPANY Evening Post, Volume LXXXV, Issue 30, 5 February 1913, Page 11
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