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256   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

Losses less reinsurances   

Commission    

Expenses of management   
Premium reserve at 31st December,

591,365 15 8   1896    585,374 1 10

Premiums received in 1896 less re-   Reserve at 31st December, 1896   1,550,000 0 0

insurance    1,463,435 4 7 Balance, being profit of 1896 carried

to profit and loss    187,129 18 3

£3,604,801 0 3

PROFIT AND LOSS—YEAR 1896.

  •  s. d. £ s. d.

Balance from 1895    171,961 7 1 Superannuation fund   1,000 0 0

Less carried to premium reserve   98,561 0 0 Irrecoverable balances   91 1 0

—   Income tax   56 7 4
£ 73,400 7 1 Carried to dividend

Profit of year 1896    187,129 18 3   account   £165,000 0 0

Interest and dividends, less income   Balance   207,976 10 2

tax   113,436 0 8       —

Transfer fees    157 12 6 Balance at 31st December, 1896...   372,976 10 2

£ 374,123 18 6   £ 374,123 18 6
DIVIDEND ACCOUNT—YEAR 1896.

  •  s. d. £ s. d. Balance at 31st December, 1895   386,250 0 0 Dividend for 1895 paid in May and

Amount credited from profit and   November, 1896    233,750 0 0

loss of 1896    165,000 0 0 Balance at 31st December, 1896...   317,500 0 0

Reserve at 31st December, 1895... Premium reserve at

31st Dec., 1895..£492,804 15 8 Added in 1896   98,561 0 0

NORTH BRITISH AND MERCANTILE—Continued.
REVENUE ACCOUNTS.

FIRE ACCOUNT—YEAR 1896.

  •  s. d. 1,550,000 0 0

£ s. d. 795,812 0 1 244,350 3 5 242,134 16 S

£3,604,801 0   3

£ 551,250 0 0   £ 551,250 0 0


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