'The first ordinary general meeting of the shareholders in' the above ofice was hold at the office of the General Agents, Messrs, Jardine, Matheson & Ca., on the lst ultimo, There were present fon, F, B, Johnson (Chairman), Hon, P. Ryrie, Messrs, B. L. Dal gympie, WW,. F, Darby, O. D. Bottomley, (Members of Consulting Committee,) D. McCulloch, W. M. Moran, A. G. Stal M. B. Polishwalla, D, uttunjoo, J. Macgregor, A, G. Morris, D. Sayle, W. Legge, D. B. Tata, T, Howard, and E. F. Alford.
The Cuarmaan said—Gentlemon, this meeting is called in pursuance of clause 73 of the articles of association, which pro—vides that on or before the 31st October in conch year a general meeting of the si holders shall be held. This being the first your under the new contribution, the Gonoral Agents are not called upon by the articles of association to lay before the shareholders any statement of accounts, but the Consulting Committes and our-solves are pleased to have this opportunity of furnishing an informal statement showing the result of the first nine months' working, which will be found annexed to the report now laid upon the table and which has been circulated for some days past amongst the sharoholde: We hope the shareholders as well our friends and supporters the contri Dutors of business—tho two bodies whose {ntorests we hope will always be found identical—will regard the result of the statement now laid before you as satisfactory and os justifying the recommendation which we last year made for the reconstitution of the office. The collections of premia up to the 30th September last amount to $987,519.47, against collections of $623,187.22 in the corresponding period of the previous previous year, showing a gain of $364,332.25, I think it an act of simple justice to say the larger portion of this increase is due to the energy and activity with which the London agents have promoted business on the home side, 'The result of the nine months' working, after accounting for all known losses at tite time of the preparation of the report, anddeducting all charges, is estimated at $535,814.51. The business which I shall have to ask you Bray avd S.C. & to transact will be the election of directors for the period from the 31st December next until the next annual meeting and also the election of auditors for the same period. Resolutions to that effect will be laid before you. Ihave only further to add that if the accounte or report suggest any questions to any shareholders present with regard to the business of the past nine months I shall be exceedingly pleased to anewer any questions that may be put to me (Applause.)
No questions were asked.
On the motion of Mr. Howard, seconded, seconded by Mr. Ruttunjeo, the present Consulting Commiiteo, Messrs. Dalrymple, Darby, Bottomley, Ityrie, and Sassoon were re-elected.
On the motion of Mr. Tata, seconded by Mr. Darby, Mesars, A. Coxon and A. MacEwen were elected auditors.
Mr. Lecce proposed a vote of thanks to the Chairman of the meeting and to the General Agents for their able management of the Office.
Carried by acclamation.
The Umatrwan acknowledged the compliment and said—I think Pshould add a fow words with regard to the winding up of the old office, A meeting has been summoned for the 29th of next month at which the final accounts of liquidation will be laid before the shareholders. The result will be probably 7 per cent. more bonus to contributors, a dividend of $60 a share, and a further return of capital and reserve fund amounting to $277,77 por share, The mesting then separated.—Daily Press,
Text read from the printed page and cleaned; old type leaves the occasional error.