Report for presentation to the shareholders at the eighteenth ordinary mesting to be held ut the society's offices at noon, on Saturday, the 10th October, 1891, The directors have now to submit to the shareholders a report of the business of the Society for the your 1890, and for the six months ending the 30th June 1891.
1890,—The net premium collected for the year after deducting returns, and, reinsu-Tances, amounts to $1,147,294.97. After providing' for a Bonus of 18% on Contributions paid in May last, there remains at credit of working account a bulauce of $164,862.14 as per annexed statement, From this sum the directors recommend the payment of a dividend of $6.50 per Share, equivalent to 26%0n the paid up capital of $25 per shure, and an addition to the reserve fund of $30,000, raising the reserve to $800,000. The balance reining of $69,862. 14 they' propose to carry forward to meet hab ties and claims still outstanding, and thus close the account for the year 1890 1891.—The position of the society for the present, year, as far as it can be ascertained, as follow.
Balance of working account to the 30th June as per annexed tatementsosceeoncseeernnses - $418,905.02 Add estimate of Premium to 30th September 320,000.00
Text read from the printed page and cleaned; old type leaves the occasional error.