The second ordinary half-yearly meeting of the above Company was held in the Asiatic Society's Rooms yesterday afternoon, Present: Messrs. J. F.H. Trautmaniu the chair, A. J. Little, ©. B, Bade, J. Barr Robertson, 0. C. Behn, Framjee Hormusjee, W. Kidner, J. M. Ringer, J. Bernard, 0. Brandt, W, Harwood, J. Wilson, W. G. Brodie, W. Cance; J.: W. Dunn, B. B. Wieters, A. Major, A. Bean and W. Schmidt, Secretary.
The Secretary having read: the notice calling the meeting, and minutes of last firmed, meeting having been also read and con-
The Cuamatay said—Gentlemen, as you ave all received a printed report of the Company's business for the period of 1870, I need not go into detail; and have only to state that, although our losses amount to yet they cannot Be" considered heavy, as more, for the Jast year, than we expected,
they are below 60 per cent of the nett premia received. We would already have made up a final statement for 1870, had we been able to do so without prejudice to contributors for that year, but as a fair amount of promin taken to 31st Deo. has not yet been carried, and would have had to be written, forward to 187L, contributers of such portions could not have got their bonus till next year. We expect that cly the end of May nearly all risks will be unown to have run off, and we anticipate in five or six weeks hence to be able to close the accounts for 1870, when we shall pay the bonus to contributors as well as interest to, shareholders for the year. We have not yet appointed Trustees in London (by the Deed of Settlement we must have trustees), but shall do so as soon as the business of the Company: requires it. I shall be glad to answer any questions, before we proceed to put the resolution for the passing of the accounts.
Text read from the printed page and cleaned; old type leaves the occasional error.