SOCIETY OF CANTON, LIMITED, ry-third Ordinary Meeting to be held_at the Society's Offices at-noon'on Thursday, the Sth of October, 1896.
The Directors have now to submit to the Shareholders a Report of the business of the Society for the Year 1895, and for the six months ending the 30th June, 1896:
1895.—The net. premium collected for the year, after deducting returns and reinsurances, amounts to" $1,588,290.25, After viding for a bonus of 30 per cent on contributions paid in April last, there remains at credit of working account a balance of 3613,500.65 as per annexed statement.
From this sum the directors recommend the nent of a second bonus of 5 per cent on contributions, a dividend of $15 per share, equivalent to 30 por cet on the paid up capital of $50 per share, and an addition to the reserve fund of $150,000 raising the reserve to $1,200,000." The balance remaining of $247,950.00 they propose to carry forward and thas close the acount for the year 1895.
1896.—The position of the society for th present year, as far as it can be ascertained, is as follows Balance of Working Account to, statement, the 30th June as per annexed Add estimate of Premium to 30th September, Estimate of Losses to pay, 684,585.30
Directors.—Sinco the last General Meeting Mr. A. G: Wood and Mr. D. R. Sassoon have resigned their seats and Mr. A—Ross, Mr. H. Stolterfoht and Mr. C. 8. Sharp have joined the Board.
Tu accordance with clause 86 of the Articles of Association, Mr: N, A.'Siebs and Mr! R. L. Richardson retire, but offer themselves for re-
Messrs. J. H. Cox and W. Hutton Potts retire, but offer themselves for re-election.
L. Danayere, Chairman.
Hongkong, 2ist September, 1896.
Worxse Accousr,: 1895, ox 30m Jose, 1896, To Working Account, balance om 30th June, 1895 683,236.15 Net premium from Ist July to Bist December, 18} 659,681.91 Interest.
Text read from the printed page and cleaned; old type leaves the occasional error.