QUEENSLAND INSURANCE
DIVIDEND RATE MAINTAINED Daily Times Special Service AUCKLAND, Nov. 21. The underwriting surplus of the Queensland Insurance Company, Ltd. at £84,715 for the year ended September 30, shows a rise of £5545 after providing £105,000 for unexpired risks or £40.000 more than last year. Interest and rents after taxation are £13,820 higher at £111,714. The total net profit is £196,429, an increase of £19,365. The dividend of 10 per cent., the rate held for the last nine years, requires £75.000. The addition to the reserve is £125,000 (last year £100,000), and the carry forward is reduced from £79,708 to £76.137. The net premium income increased sharply by £211,155 to £1,253.003. Losses rose "by £153,555 to £616,765. Only a small increase of £10,621 to £437,419 is shown in the expenses chiefly because tax provision _is £44,069 lower at £126,441.
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https://paperspast.natlib.govt.nz/newspapers/ODT19471122.2.16.11
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Otago Daily Times, Issue 26625, 22 November 1947, Page 3
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140QUEENSLAND INSURANCE Otago Daily Times, Issue 26625, 22 November 1947, Page 3
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