for presentation to the shareholders at the Thirty-thind ordinary meeting, to, be held at the Company's Oitices on Thursday, the Bth March, 1902, at 11.30 am, The Directors have now the pleasure to submit their Annual Report and Statement of the Company's Accounts made up to 31st December last.
1900.—Balance at Credit of Working Account as per last Report was Add Premia received 833.69 218,030.15 Deduct Claims pail in 1901. $21,256.68
Deduct Return Premia, &e., &e.
9,854.93 31,111.61
Balance of Profit. ++$186,918.54
It is proposed to apportion this sum as follow:—$120,000 to Shareholders as. dividend for the year, at the rate of 86 per share; $207 as Bonus to Contributors of Premia; and the balance, $66,711.54 to the credit of Extra Reserve Fund Account, which will then stand at $91,341.55 as shown in the annexed Balance Sheet.
1901.—The Balance at credit of Working Account at the close of this year was $237,319.21, which is a satisfactory increase as compared with the previous Report.
Directors.—Mr. P. Witkowski resigned his seat on the return of Mr. E. Gootz to the Colony, and the latter gentleman. was invited to rejoin the Board. This appointment will require the confirmation of Shareholders.
Text read from the printed page and cleaned; old type leaves the occasional error.