The sixth ordinary meeting of holders in the above Company was held on the 9th April. Present—Messre, E H. Lovers, (chairman), F. H. Bell, a.
Wood, and J, Hart,' directors; Messrs, Thorne, Tate, 'Gubbay, 'Francis, Hanssen, Lucas, Mackintosh, Schroers, Allum, McGregor, Tucker, Forster, D. Brand, Overbeck,' Seligmann, Lindsay, Maclean, A. Little, E. Cameron, J, A Taylor, J.F. Seaman, Dalgleish, Howie, S. Morris, Secretary—representing Ouainaan opened the business by calling upon The Secnetany to read the notice cou-the meeting, and afterwards the tninutes of the last meeting, the latter ani The CuareaaN Uhen said the report of: e Direc'ors and statement of accounts which had been put before the they had endeavoured to make as cleat and explicit as possible, and he did not know that there were many explanation: or remarks to be made by him with reference to them. He might say that the result of the half-year's business had been very satisfactory, although it must be borne in mind that the losses and claims during that period were very heavy, amounting to Tls. 311,058; and, so far as was known, the subsequent settlements and dependencies would require Tls. 102,000, But owing to the support given to the office during the same period, premia, interest, commissions and icansfer fees, amounted to Tle. 508,616, leaving a balance to the good of Tis, 141,844. The risks outstanding amounted to about Tls. 2,000,000. They knew by telegram from London, what the risks amounted to there; and they of course knew what they were in Shanghai; the total being as he had just said about Tls. 2,000,000. He thought-he must congratulate the Company on the statement of its affairs at the termination of the term 1872-1874, which he considered must be regarded as having been a most successful one throughout, In the first year, 1872, the total premia was Tls. 969,000} in 1873, Tls. 738,000; and in" 1874, Tls. 857,000. As the shareholders knew, the Directors had declared very liberal dividends, and they hoped at the end of the present month to make a further payment. Before putting the report and statement of accounts to the meeting, he would be glad to reply to any questions which the shareholders might wish to make regarding them.
A general conversation ensued, but no questions were asked.
The Cuainsan said, if there were no questions, he would put this resolution to the meoting—That the report of the Directors and statement of accounts for the half-year ending lst December, 1874, as printed and presenta: to this meeting, be passed.
Mr, F. A. Bert seconded the motion, and it was carried without dissent.
Text read from the printed page and cleaned; old type leaves the occasional error.