Report for presentation to the shareholders at the twenty-third ordinary meeting, to be held on Monday, the 9th September, 1889, at 4 o'clock p.m. at' Hongkong.
The Directors have now the pleasure to lay before the Shareholders a statement of the Company's Accounts for the year ended April 30th last.
The net premium earned amounts to $661,276.98 and the working account shews balance ut credit of $443,343.91 which sun the Directors recommend be appropriated in the following manner 'A Dividend of 20 per cent. to holders, $120,000.00 A Dividend of 15 per cent. on Contributions, payable to all Contributors of business, whether Shareholders of To be carried to New Avcount,8231,343.91
$443,343.91
Directors.—Mr. C, von Bose has resigned his seat at the Bourd, and Mr.
M, Paquin, of Messrs. Carlowitz & Ca. accepted an'invitation to fill the seat so vacated.
This appointwmnent will require the confirma: tion of the Shareholders, Messrs, L. Poesnecker and 8. C. Michaelsen retire by rotation and offer themselves for re-election.
Auditors.—The annexed accounts have been audited by Messrs. T. Arnold and H. U. Jeffries, who offer themselves for re-election, L. Porssecken, Chairman.
Hongkong, 30th August, 1889.
Srarewesr oF Accoust fr th yer end 9th ADI
Cash ju hand Fixed Deposi Lovested ti Mortgnges Bonds of Chinewe Imperial Government Lo 1886 52,907.26
Text read from the printed page and cleaned; old type leaves the occasional error.