COMPANY MEETING WORLD AUXILIARY INSURANCE DIVIDEND OF 7f PER CENT.
THE nineteenth ordinary general meeting of the World Auxiliary Insurance Corporation, Ltd., was held on April 28th at Winchester House, London, E.C.
Capt. the Rt. Hon. C. C. Craig, D.L., the Chairman, said that in the fire account interest amounted to £2,460 and premiums to £88,642. After meeting all claims, &c., and transferring £5,000 to profit and loss account, there remained a fund of £49,184, equal to 55.5 per cent. of the premiums received during the year. In the general accident and miscellaneous account premiums were £78,484 and interest £3,557. After paying losses, &c., and transferring £12,006 to profit and loss account, there remained a fund of £126,600, which was 16i
per cent. of the premium income. •
The total in the profit and lOSS BCCOHLIt was £195,534, mid, after paying sundry charges, reserving £12,000 for Government taxation and transferring £10,000 to investment reserve acooimt, there remained a balance of L167,904, from .which the-directors recom- mended the payment of a dividend of 71 per cent. free of income-tax, on the paid-up capital of the company.
The report was unanimously adopted.
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