The report of the Directors of the above Company for presentation at the annual meeting, to take place on the 28th inst., has been published. As I indicated would be the case, the Board recommend a dividend at the rate of $6.65 per share for the year 1896 and the addition to reserve fund of $113,150, thereby raising it to one million dollars. "The balance at credit of the account for 1897 was $237,852.90, which though less than in 1896 is still regarded as 1896 were exceptionally slight. It is pro-very satisfactory seeing that the losses in
posed after the annual meeting to hold an extraordinary meeting for the purpose of altering the articles of association so as to allow of the formation of an Extra Reserve Fund for equalisation of dividends,
Text read from the printed page and cleaned; old type leaves the occasional error.