12 MAY 1933, Page 30

NORTH BRITISH AND MERCANTILE INSTJRANCE.

The annual report 'Of the -North British and Mercantile Insurance COmpany is to be commended both for the good results :disclosed and for the clearness' with which the figures are set out. The combined underwriting profits were a trifle lower in amount -than for the _previous_ year, but they repre, sented a higher profit ratio at 8.52 per cent. as compared with 8.10 per cent. in 1981.