For presentation to the Shareholders at the Twenty-Eighth Ordinary Meeting, to be held at the Society's Offices at noon' on Thursday, the 10th October, 1901.
The Directors have now to submit to the shareholders a Report of the business of the Society for the year 190%, and for the six months ending the 30th June, 1901.
1990.—The net premium collected for the eat, after deducting returns and reiusuran ces, amounts to $2,952,643.94. After pro-dung for a bonus of 20% on contributions Inst there remains at, credit of CE a balance of $597,543.38 as per annexed statement.
From this sum the Directors recommend the payment of a dividend of $23 per share, equivalent to 46 per cent on the paid-up capital of $50 share, and an addition to the Reserve. und of $75,000. raising the Reserve to $1,500,000. The balance remai ing, of $292,543,38, hey propose to carry forward to underwriting, suspense account to close the account for the year 1900.
Text read from the printed page and cleaned; old type leaves the occasional error.