The annual meeting of the shareholders: of the Royal Insurance Company was held on lst July, at the offices of the company, in North John-street, Liverpool; Mr. Ralph Beocklebank, the chairman of the directors, presiding. There was a good attendance.
Mr, M'Laren, the manager of the com: pany, having rend the notice calling the report of the directors was taken as read. The following is a copy of the report Five Department.—The.fire_ premiums for the period, after deduction of re-insurances, amounted to £944,265 Is. Ld. and the not losses to £616,444 10s. 1d. Thes amounts show an increase for the year of £60,940 8s. 5d. in premium, and of ion and all management profit, ling interest current balances, amounted to £91,000 88. 5i., on the alts of previous year of £28,.85428 1d.
Life Department.—During the year new proposals were accepted for £193,825, of which amount £447,375 been completed, and the corresponding annual preobtained to the closing of the aco nuts wore £15,491 14s. 1d. "he proposals declino: t during the ponnd amounted to £73,834. total income from pri after deducting re-assurance ed to £252,187 Rs., and the into clusive of was £107,904 claims during th By eath—Original sums assured, £145,227 10a. 4d.; bonus additions thereon 19s. Gd.; by matured policies assured, £6,9°8 16s; bonus additions thereon, £1,040 5s; total, £i74,511 10s, 10d. In the annuity branch the pu chase-money received for new anuuit reminds on coutil expired during year, the annual payments, on whi amounted to £1,045 13s. 4d. After pai of all claims, annuities, be cash, and exp every description, a balance of £149,300 15s. 8d. has been accumulations of the life and annuity branches of the company £2 878,159 5a. 7d.
Profit and Loss—the amount att of the profit and lose account, aft of the dividend and income-tax year 1881, was £141,997 18s. 1d., to which have been added—firo profit for year, £91,000 8s. 5i.; interest, £61,995 2d.; total, £294,994 3s. 8 The.
now recommend, in addition to the interim dividend of 103. per share paid n February Inst, a payment of 12s. further dividend from the fire branch, and 39, per share from the balance of undivided life profits—all free of inedme-tax—which will absorb £120,643 15s., leaving a balance at the jeredit of the account "of £174,800 Funds.—After providing for payment of the dividend, the funds of the company will stand as' follows:—Capital paid-up, £289,545; fire fund, £550,000; reserve Fund, £950,000; balance of profit and loss, £174,350 8s. 84.; life funds, £2,878,169 a, 74.; total, $4,642,064 14s. 9a,
Text read from the printed page and cleaned; old type leaves the occasional error.