An attempt was made in October, 1895 to get the remuneration of the directors of this Company increased from $7,000 to $12,000, but though a majority of proxies had been received, the Directors in deference to the wishes of the minority of the shareholders withdrew the proposal. The Society having progressed, cousiderally since, in volume of business, in return_on capital in Reserve Fund, ete., the Board now propose to bring forward the proposal again, and an extraordinary general meeting is fixed for the 1st March, 1901, at noon, for the purpose of passing a special resolution authorising the alteration of the Articles of Association in reference to the remuneration of the Directors. I do not know whether the shareholders will be more complaisant this tune. The Society cam afford the extra $5,000 per annum, but some of the share-helders urge that the Board are already well paid for the work done.
Text read from the printed page and cleaned; old type leaves the occasional error.