Financial Notes
At the Annual Gerie,ral Court of the London Assurance, which will be held on May 10th, the Governor will have a good statement to put before the stockholders. The new assurances in the Life Department for the year amounted to £2,075,000, and the net premium income increased by £57,797 to £683,373. In the previous year new assurances totalled £1,959,984, with a net premium income of £625,576. The interest earned last year was at the rate of £4 7s. 11d. per cent. net against £4 9s. per cent. a year ago. The Life Fund at the end of the year amounted to £7,123,372, being an increase of £446,616. In the Fire Department the premiums amounted to £2,549,176, and Claims to £1,456,032, whereas in the previous year the figures were £1,988,000 and £1,083,000 respectively. After transferring £26,990 to Profit and Loss the Fire Fund amounts to £1,924,639. The dividend is at the same rate as a year ago, while the total assets, including the Life Fund, amounted to £15,753,498 as compared with £14,390,488 a year ago.
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