Growth of Southern Pacific

Insurance Co. Ltd.

rE growth of the Southern Pacific Insurance Co., Ltd., established a few years ago with a small capital, as a subsidiary of W. R. Carpenter & Co., Ltd., has been remarkable.

In the year ended March 31 last, the gross of premiums received was no less than £108,986, on which the directors report a profit of £6,314. This allows a dividend of 7 per cent., provision of £2,800 for taxes, and a carry-forward of £4,083.

Mr. Leopold G. Blackman, formerly Commissioner of Education in Hawaii, where he resided for 40 years, is now domiciled in Tahiti, at Paea.