SOUTH BRITISH INSURANCE COMPANY.
[By Telegraph.] Auckland, Oct. 11. The sixteenth half-yearly meeting of the South British Insurance Company was held at 10 o’clock to-day. The following is the report: —The Directors have much pleasure in placing before the Shareholders the following statement of accounts for the sixteenth half year ended 31st August last. The receipts from fire and marine premium has been £63,765 8s 8d; from interests and transfer fees, £5,278 6d; total, £69,045 9s 2d, which added to £2343 3s 5d brought forward from the previous half year, makes a total of £71386 I2s 7d. The total expenditure has been :—Fire and marine losses paid and outstanding at close of books £30,114 5s 3d ; reinsurances, commissions, salaries, printing, advertising and general charges, £20,801 O.s 6d; leaving a balance of £11,971 6s to credit of profit and loss account, from which j'our directors recommend payment of a dividend at the rate of 10 per cent per annum. If the dividend be sanctioned by the shareholders, it will be payable at the head office on Oct. 13, and at the branches on receipt of advices.
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South Canterbury Times, Issue 2361, 11 October 1880, Page 3
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185SOUTH BRITISH INSURANCE COMPANY. South Canterbury Times, Issue 2361, 11 October 1880, Page 3
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