The Archive · 1896

Canton Insurance Office

The report for presentation at the yearly meeting of the Canton Insurance office on the 19th inst. has been issued. Like that of the Union, it is excellent reading for the shareholders. The balance at credit of 1895 account is $473,740, out of which $268,724 has been already paid as dividend of 10 per cent and bonus of 20 per cent to contributors. Tt is now proposed to pay a final dividend of $6 per share, to place $100,000 to reserve fund, raising it to $1,300,000, and to carry the balance of $45,015 forward. The 1596 account shows an estimated balance at credit of $507,700. It isnotstated what are the estimated losses.

Text read from the printed page and cleaned; old type leaves the occasional error.

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