INSURANCE PROFITS
N.Z. NATIONAL COY. Py Telegraph—Per Press Association.) • " V , v DUNEDIN, October 30. The annual report of the National Insurance Company of New Zealand, Ltd., shows that the net income for the year ended September 30th, 1920, amounts to £288,133 9s .lid. After making full provision for! losses outstanding, and adding £2500 to the reinsurance reserve, there is an underwriting surplus of £16,686 Is 2d. interest and rents, less income tax, amount to £35,2-34 4s, and’ the balance brought forward from last year -is £36,429 10s, amounting in all to £88,379 15s 2d. An interim dividend was paid in May, 1929, which absorbed £16,666 13s 4d, leaving an available balance of £71.713 Is lOd. The directors have added £SOOO to the reserve fund .£2390 17s to the taxation and contingency account, and £5980 9s 2d to the investment and fluctuation account, and now recommend the payment of a further dividend .of 5s per share (making the total' distribution for the year 8d per share, and carrying forward £37,508 9s. '
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19291031.2.16
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 31 October 1929, Page 3
Word count
Tapeke kupu
170INSURANCE PROFITS Hokitika Guardian, 31 October 1929, Page 3
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in