NEW ZEALAND INSURANCE CO
A PROFITABLE YEAR. Press Association. AUCKLAND, February 4. The balance-sheet of the New land Insurance Company, Ltd., for the year ended November 30th, 1912, published, from which it appears that the net income from premiums, interest, and rents amounted to £713,818'. Tho available balance from the year’s transactions, including the balance ■brought forward from flho previous year, amounts to £121,200, from which has to be deducted dividends totalling £18,750 paid in August last. The directors now recommend placing £50,000 to tho reserve fund and £SOOO to the provident fund, and from the balance of £47,510 the directors recommend payment of a dividend all tho rate of two sliillings and sixpence per share and a bonus of one shilling, per share, absorbing £26,250 and making 6s per share for the year. Tim will leave a net balance of £21,260 to be carried forward. The paid-up capi tal, reserves, and undivided profits now amount to £891,260 after providing for the dividend and bonus recom< mended by the directors.
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New Zealand Times, Volume XXXVII, Issue 8346, 5 February 1913, Page 8
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170NEW ZEALAND INSURANCE CO New Zealand Times, Volume XXXVII, Issue 8346, 5 February 1913, Page 8
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