22 MAY 1926, Page 33


The steadiness of insurance shares is undoubtedly justified by the character of most of the Reports which have been issued. At a recent meeting of the Alliance Assurance, the Chairman was able to make a thoroughly satisfactory state- ment, for, although the transfer into Profit and Loss from the Fire Account was not so much as in the previous year, most of the figures showed an expansion. The total interest earnings, indeed, for the year were £363,000 against £304,000, the greater part being included in the Profit Transfers. The dividend was maintained at 16s. per share as for the previous year, the cost of the dividend, however, being increased owing to the lower rate of tax deduction. * * * *