The Archive · 1897

The Canton Insurance Office

The report of the General Agents to be presented at the annual meeting of the above Company on the 18th inst. has been issued. It shows that the balance at credit of 1896 account is $311,733.91, out of which the sum of $247,457.69 has already been fae for a dividend of 10 per cent to share-* holders and a bonus of 20 per cent to contributors. Subject to the approval of the shareholders it has been decided to pays final dividend of $6 por share (or 12 per cent) absorbing $60,000, and to carry the balance of $4,276.22 to credit of 1897 nccount. The 1897 nctount shows an estimated balance at credit of $431,141. This report shows a very satisfactory return on capital, but there is, for once, no addition made to reserve. "That fund, however, stands at the respectable figure of $1,800,000, Ljshould like to see this increased to $1,500,000 and " million of it then transferred to paid-up capital.

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

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