EAGLE STAR RESULTS.

The latest report of the Eagle Star and British Dominions Insurance Company is an excellent one; the underwriting results in the departmental accounts are good, while transfers to Profit and Loss were favourably affected by the quinquennial profit in the Life Department from the 'Star" closed fund. The following table summarizes the main features of the Report :

-1931. 1932. 1933.

Fire Account ..

£11,596 £20,880 £36,846 Accident .. 14,059 8,551 9.913 Employers' Liability... 2,185 4,966 4,615 Motor .. 29,126 43,509 33,322 General • • 68,942 79,467 83,772 Marine..

25,000 Life .. • • 30,302

130,697

Total • • • •

156,210 157,373 324,165 Interest, &e. 150,784 145,940 154,767 Investment Profits

20,018

From Reserve 150,000

50,000*

456,994 323,331 528,932 , Expenses • • 38,549 39,432 53,109 Taxes .. 35,532 51,408 59,420 ' Written off .. 8,117 8,696 101,872 To Investments 100,000

90,000 To Exch. Reserve 125,000

- • To Fire Reserve

25,000

Dividends .. 145,775 139,920 147,502 Forward 72,787 131,783 147,810 • From Exchange Reserve.

From the foregoing it will be seen that a very large amount appears under the item of "written off." This figure, it should be noted, includes the expenses of the recent Preference Share issue and also a little over 160,000 in respect of the cost of Life businesses_ acquired., now standing at 2245,000, from their Original cost of £666,277. The dividend at 20 per cent. on the Ordinary Shares was the same as a year ago.

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