For presentation to the shareholders at the twenty-seventh ordinary meeting, to be held at the Company's offices on Wednesday, the 19th February, 1896, ab twelve o'clock {avon The Directors have the pleasure to present their annual report and star-ment of the Company's accounts made up to the Slet December last.
1894.—The balance at Credit Working Account, as per last Report, was 146,081.22 Deduct dividend of $3 per_share, paid in
Deduct claims' under 1395 vs-= 60,000.00 1894 policies paid in 1395 44,751.96 Deduct return premia, &c., &c. paid in 1895. 2,151.00 106,902.96
Balance of Profit... $39,178.26
The Directors propose that this sum be apportioned as follows:—$20,000 to shareholders as a final dividend for the year 1394 of $1 per share, and $19,178.26 as a bonus to contributors of premia.
1895.—The Accounts for this year show a satisfactory result' so far, the balance of Working Account being $235,666.14. The Shareholders have cause to be congratulated Mercantile Bank of India, La. 40,000.00 450,000.00 Tovestments Chinese Imp. Govt.
Hongkong and Kow-Joon Wharf and Godown Ca., La, Debentures 100,000.00 Shanghai Land vesting. Ca.
Debentures 19,877.40 Shanghai and Hong:
kew Wharf Ca., Debentures Shanghai Debentures 8,472, works Ca., La., Loans on Mort Inland Lot No, 685:
On Properties in Hongkong... 662,300.00
Aseigned by Mortgagor 20,000,00 Hongkong Fire Insurance Four Shares, 522.00 Furniture Aecoun Office Furniture, 650.00 Accounts receivable Premia due from Agencies, Interest due on Deposits and Investments, &c, 'To Charges Aconunt Rent, Salaries, Legal and' Surveyors' Fees, 'Taxes. Stamps, Stationary, &e. $28,429.31 Directors' & Auditor's Fees 7,400.00 35,829.31 To Commission Account Agents' Commissions 18,565.25 Fire Brigades Account Contributions at Agencies, &c...
630.67 Losses Account 1
Claims accruing to this year paid 44,877.30
Amount Written Of:—Foroiture Account
Text read from the printed page and cleaned; old type leaves the occasional error.