The Report for the past year of the Sun Insurance
Office, notwithstanding the fact that in some departments net premiums were rather smaller, is a good one, and in the Fire Account where the net premiums of £2,454,739 were a trifle lower than in the previous year, the net losses only amounted to £1,161,078 as against £1,249,192 in the previous year, and the credit balance, which includes net interest of £84,058, I ransferred to Profit and Loss account is £297,270 against only £235,344 in the previous year. The Accident account shows net premiums of £1,478,884, while a credit balance of £90,185 is transferred to P. and L. Account. Front the Marine account the credit balance of £71,408 is also larger than a year 'ago. Finally, the accounts shoW that the total amount at credit of Profit and Loss has been increased from £829,931 to £1,381,301. -The dividend is at the same rate as last year, while the General
Reserve Fund stands at £1,000,000 in addition to substantial departmental reserves. * tlf *
Previous page