Report for presentation to the shareholders at the twenty-sixth ordinary meeting, to be held on Priday, the 16th September, 1892, at 4 o'clock p.m.
The Directors have now the pleasure to lay before the shareholders a statement of the Company's accounts for the year ended April 30th last.
The net premia earned amount to$772,278.92 as against $721,867.47 collected during the previous twelve months.
The working account shows a balance at credit of $495, 185.68, which sum the Directors recommend be appropriated in the following manner A Dividend. of 18 per cent. to Shareholders, Q $108,000.00 A Dividend of 15 per cent. "on Contributions, payable to all tributors of business whether Shareholders or not, 100,000.00 To be transferred to Reserve Fun: i, 50,000.00 To be carried to New Account, 237,185.68
Interest... 87,164.87 Transfer fees 385.00 3 Amount brought forward from last year... 247,418.00
$1,107,246.79
Text read from the printed page and cleaned; old type leaves the occasional error.