The General Managers have pleasure in submitting to the Shareholders the Twenty-fourth Annual Report of the Company.
1891 Account—"The result of the year's working shows a balance at credit of $164,453.99, which sum, with the approval of the Consulting Committee, it is now proto deal with as follows Bonus to Contributing Shareholders a...
Dividend of Mortgages.—The General Managers and Consulting Committee are satisfied from the valuations made by the Company's Surveyors in Shanghai and Hongkong, that the properties held by the Company are good for the advances made.
Consulting Committer.—Mr. T. E. Davies having resigned his seat at the Board in December last (and whose subsequent death is deeply to be regretted), Mr. John 8. Tapraik was invited to succeed him, which appointment now requires confirmation.
Tnaccordance with section 13 of the Articles of Association, the present Members of the Committee, Messrs. Chater, Moses, Holliday, Bird and Lapraik, retire, but being eligible offer themselves for re-election G. 8. Coxon their re-election as auditors of the Company recommended.
Tanvrse, Maraesoy & Ca, General Manayers, Hongkong Fire Insurance Company, Limited, Hongkong, Ist March, 1893.
Banasce Suze, als December, 1892, Liabilities. 8 Capital Subscribed.$2,010,000.00 mount Paid-up 496,000.00 Reserve Fund... 1,060,000.00 Uncollected Divide 4,808.74 Accounts Payable 75,498.59 Working Account, 1891—Balance from last Account 308,335.00 Add—Sundry Mre-Salvages, ice col-
Less—Losses and other Remuneration to ConsultingCommittee and Auditors 6,500.00 254,233.87
Net Profit for 1891 164,453.99 king Account, 1892.
Amount brought forward frou below. 301,495.70
Text read from the printed page and cleaned; old type leaves the occasional error.