11 MAY 1929, Page 39


At the recent ordinary general meeting of the London and Lancashire Insurance Co., the Governor, Mr. F. W. Pascoe Rutter, stated that the year 1928 had proved to be one of the best years experienced by the company, approaching, indeed, fairly close to the historic years of 1919 and 1920. Fire Premiums had shown little change, but the profit was slightly less. The Accident Department, however, showed

(Continued on pale 764.)

an increase in the premiums, while the profit was £119,549 against £102,494. Moreover, a striking feature was the goOd results from the Marine- Department -which produced the highest amount of profit since the War. There was an increase in the business of £93,490, while the profit was £145,302 against £96,507. The'total Premiums for the year, excluding Life business, were £7,360,522, or an increase of £177,928, and the realized net profit was £670,470, or 9.11 per cent. against £628,111, or 8.75 per cent. The directors have increased the dividend by another ls. per share. -

A. W. K. (For Company Meeting Reports see Pages 759, 760, 761, 762, 763 and 764.)