83 



INSURANCE NOTES. 



THE 



The accounts of llic X<>vv Zealand Insurance Co. for 

 the year ended N'ovenibei- 30 last sliow that the 

 amount of business nritteu was the largest for many 

 years. Losses, on the other hand, were lighter than 

 th(«a shown for several years. The result was that the 

 underH-riting surplus increased to £78,040, eompareil 

 with €41,.5t)5 for the previous year, and £12.420 ioi- 

 1009, when heavy losses were experienced. For the 

 year under review the ratio of losses was reduced to 

 57." per cent., while the ratio of charges showed a 

 further slight increase, and underwriting surplus le- 

 presented an appreciably higlier percentage of in- 

 come. Figuies for the past three years compare as 

 follows : — 



Tho relationship of the last three items to net pre- 

 mium income, for the same periods,' compares as fol- 

 lows : — 



Nov. 30, Nov. 30. Nov. 30. 



1909. 1910. 1911. 



Per. cent Percent, Peneiit. 



71.34 64.63 57.7 



. 26.62 28 50 30.1 



12 '20 , 41,595 ,■ 78.040 



Ifosses 

 Charges 



Underwriting Surplus 



Iiitorest and rents amounti'd to C3.">..S78. which, added 

 to the underwriting surplus and the balance broutiht 

 forwaril. marie tin- amount availalile tlll,.")24. .\n 

 interin^ dividen<l ol 2s. per share in August absoibed 

 £1.">,00II, and a distribution of .'is. per sjiare will now 

 take place, while C'.'iO.fKX) will be added to reserve 

 fund. £;2t).OI)0 t) re-ins'iriuc) fund, and £.)II0(I 

 to provident fund, leaving i balance of ,£U).fr_M. 

 The balance-.sheet shows capital {,;{00.(XK) ; reserve ami 

 re-insurance funds. C-VJO.OOO; appropriation for un- 

 paid lo.sses. C07.2H."i; and snnilry creditors and un- 

 earni'd piemiums, C04.7;i.'j. Among assets appeal' in- 

 vestments, £87.5, Ol.i: branch and agency balances, 

 tH!».4(;8; and ea.sh, t',:i:.U2 ; i\<.- b-,lincc-vli,.,.t i.lil 

 being £I,0.«),888. 



Messrs. .>. l"'o.Hter and Sons' iron bedstead and wire 

 mattre.ss factory at I'lllmo, near Sydney, was com- 

 pletely gnlted by fire on 17tli inst.. aiid tlie loss to the 

 owners is approximatelv estimated lit £.'10.0110 'I'lie 

 insurance on the factory amounted to £20.linii 



Destructive (ires have oc-curred during the past 

 month ill several country towns throughout Aus- 

 tralia. The most serious was at Wee Wai, Ni'W 

 S(MiUi Wales, where property to the value of L'40,0()0 

 was destrovi'd. The insurance eonipanies affected are: 

 —Scottish Inion, £.|()() ; l{oyal, £4iXI; Commercial 

 Cnion. £700; London, l.ancisliire. £l(i(H); .Mirc'inlile 

 .Mutual, £I4(K); Sun, £2«(K) 



Woomelang, a rising township in the .Maljee district 

 of Victoria, suffered itamnge to the extent of £0000, 

 of whi(-h only a small portion was covered by iiisur- 

 nnco. 



COLONIAL MUTUAL 

 FIRE 



INSURANCE COMPANY LIMITED. 



FIRE 



ACCIDENT - 



EMPLOYER'S LIABILITY - 

 FIDELITY OUARANTEE - 

 PLATE-GLASS BREAKAOE 

 MARINE - 

 BURGLARY 

 LIVE STOCK 



INSURANCE 



OFFICES : 



MF.LBOURNE^eO Market Street. 

 SYDNEY— 74 Pitt Street. 

 ADELAIDE— 71 King William Street. 

 BRISBANE— Creek Street. 

 PERTH— Barrack Street. 

 HOBART— Collins Street. 

 LONDON— 77 CornhiU, E.G. 



WALTER TUCKER, 



(ieneral Manager. 



THE tQllllY inUSTEES. EXECUTORS, AND 

 AGENCY COMPANY LIMITED. 



RESERVE LIABIll Y, £100,000; Gl«RANT(E FIND, £10,000, 

 BOARD OK DIKECToUS Kdwirrl h'annInK, K«q., Chairni»n ; W. 

 H. Irvine, Esq, K.U., M.H. ; l>onald Maokinnon, Kmi , U,L.ik. ; 

 R. O, MOulchcon. Ke.) , M I. A. Stewarl Mojlrthur, Etq, 



Regtstereil Office; No. 85 Queen Street, Melbourne. 



This Company in empowered by special Act of I'arliaaient t* 

 perform all olasaes of IruBtee busiiieeH. JOKI. Fo\, .Maunger. 

 O T MARTIN, Ataiatant Uanagar. 



CLEMENT H. DAVIS. 



Incorpurntcd Accountant, Specialist (or Installing 

 Latest American Office llookkccpin); Systems, viz. — 

 Looscleaf or Perpetual Ledi^ers and Card-l.eJ)<ers 

 Cnrrespondcnce, Filini^, Adding; and Posllnii .Machines, 

 &c., *c. 



ROYAL BANK CHAMBERS. MELBOURNE, 



kiibelik lias insured blniseir in I'imIn for his right 

 liiiiid, jia.vinjj; .nn annuiil i)reniiuni of 7o()0 francs. If 

 by accident he is liimlered fnuu pla.vin^ he is to re- 

 ceive .TO.OtlO francs. If b,v accident he should bo in- 

 capacitated perniiiiuntly he wiuild receive •J,."inO,(X)0 

 francs. The same autluuit.v adds that Paderenski'a 

 hands nro insured for '2,.')(I0,(H)() francs. Cav.ilieri's 

 larynx is insure<l fiu' the same sum. 



