shareholders. of the abuse Camp) riy" was The eighteenth ordinary meeting of
held at the Company's office on Saturday, 10th inst. 'There were present Hon, Ryrie (Chairman), Hon. J. J. Keswick, Mesers. H. Hoppiuy H- L. Dal -ymple, Holliday, 'D. R.. Sassoon' (iv <otota)! Murray Bain, Ru R, Burder, G..'T. Veitch, E. Burnie, J.B, Coughtrie, A. MeGonachie, R. Lyall, J. H, Cox, ©. M.. Kao, A. Silveira, and W. J. Saw adore (Acting Secretary The CHAIRMAN said—C jontlemen, the hag been it your " possession since the Sed-of this month, and."T propose, with yore permimion, to cotati an read.
result. of the year 1890 has not been quite ay good as tint of the previous year, but judging from what -we hear on all sides about the underwriting losses of 1890, 1 think we ought "to, fol eatiied. The figures for 1801, up to the present date, are, Tam happy t sey, bettor than we have hid for'& good tnauy years, and uunlese losses within the ext fow mou re much heavier than usual, the account will show an excellent result. You will have noticed the large amount lost in exchange during the twelve months under review, and on the other hand the satis. theheeding of fluctuation account. factory amount we have in reserve under
Our accounte are kept in dollars, und when the dollar rises our sterling fund, as rece koned in dollars, falls, and we have to make
Text read from the printed page and cleaned; old type leaves the occasional error.