Growth Of S. Pacific

Insurance

THE Southern Pacific Insurance Com pany, Ltd., established very modestly by W. R. Carpenter & Co., Ltd., in the middle thirties, has just issued its ninth annual balance sheet. After pro viding £3,500 for taxation, and £1,500 for investment fluctuation reserve, there is a net profit of £7,075. The subscribed capi tal of the company is £62,500. The gross premium income increased, in the year under review, from £108,986 to £135,528.

The company’s turnover and profits, year by year, have shown astonishing growth— a demonstration of the value of this type of business, especially when it is con nected with a large trading organisation.