INSURANCE PROFITS
SOUTH BRITISH COMPANY
(13y Telegraph—Press Association)
AUCKLAND, October 16. The annual report rtf the South British insurance Coy states that, alter making full provision for losses outstanding, there is a surplus in the underwriting account of £86,9/6, which, with income Ironi interest and rent of £126,1-19, makes a total of £218,126. This lias been dealt with in' the following manner: To the reserve fund, £76,000: sinking funds of leaseholds, It>(K) - leaving available £187,026 18s Od. Out of tin's an interim dividend of Is 2d a share was paid in April, Absorbing’- £00,179, and the Directors now recommend the payment out of the balance ol profits o| tbs' vr-ar of a dividend of Is 8d per share making the total distribution lor the veal- 2s 6d a shave, which will absorb £(it,-177 10s. a total Of £121,060 10s. This leaves £12,969, to which must he added the balance from August, 199". loss the dividend paid in October. 1927, £180,812. making to he carried to .. <» new account £198,811.
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Hokitika Guardian, 17 October 1928, Page 1
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168INSURANCE PROFITS Hokitika Guardian, 17 October 1928, Page 1
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