A SUCCESSFUL YEAR.
N.Z. INSURANCE COMPANY’S REPORT. Press Association. AUCKLAND, Feb. 5. The report and balance-sheet of the N.Z. Insurance Company, Ltd., for the year ending November 30 last shows that the year’s operations have resulted in a surplus of £91,116. Out. oi this sum the directors recommend the payment of a dividend of 2os per share, making 10 per vent, for the year. £60,000 is to be placed to the reserve, and a balance of £21.67-1 is to be carried forward. The net income derived from premiums, interest, and rents amounted to £042,759. whilst tho capital reserves and undivided profits are stated at £090.071 after providing for tla© dividend l'ocommonded by the directors.
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Bibliographic details
Gisborne Times, Volume XXVI, Issue 2108, 6 February 1908, Page 2
Word Count
114A SUCCESSFUL YEAR. Gisborne Times, Volume XXVI, Issue 2108, 6 February 1908, Page 2
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