To the Shareholders of the Singapore Insurance Company, Limited, Gextiemes,—The directors have now to submit the report and the accounts of the Company for 1891.
Branch of the Company for the last year fully The result of the workin; of the Marine
justified the step the directors took in 1890, of closing the European agencies, Fire Department.—The net premia for 1891 amount (less re-insurances and returns) to $90,839.47; and the losses (less salvage) to $24,400.36.
Marine Department.—The net premia for 1891 amount (less re-insurances and returns) to $122,154.20; and the losses (less salvage) to $67,901.71.
The total result of the Company's working for 1891 shows at the lst December a credit balance of $109,567.40. Since that date, however, claims have been paid amounting to Fire '$47,823 22,250 $70,073 The final result of the Company's working for 1890, including the sum of $25,706.87 car= ried forward from 1889 account, shows a credit balance of $17,284.77, of which sum it is proposed to distribute $14,588 as dividend upon the shares at the rate of 24% per annum and to carry forward the balance, $2,696.77, to 1891 Working Account.
1892 Account.—The Net Premia and Losses of the Company from: Ist January to lst March, 1892, as nearly as can be ascertained Reserve Fund... 11,875.91
Text read from the printed page and cleaned; old type leaves the occasional error.