The Archive · 1910

North China Insurance Co

REPORT

The Directors submit the annexed ely audited statement of the Company's! accounts to June 30, 1910.

The balance at credit of this account is Tis, 206,719.17 and after deducting an interim dividend of 7} per cent, aggregating Tle. 31,441.05, paid on May 1 last, there remains a som of Tle, 174,278.12, which the Directore recommend should be appropriated in the following manner A final dividend of 7} per cent. on the paid-up capital, making 15 per cent for the year.

'A bonus of 15 per cent. pon contribatory premiums, Tle, 60,000.00 transferred to Silver Reserve, bringing that fond up to Tls. 285,000.00.

balance to be transferred to underwriting reserve account, closing the account for 1909.

1910.—The balance st credit of working account to June 30 amounts to Tle, 219,875.24.

Directors.—In accordance with the provisions of the Articles of Association the Directors all retire but, being eligible. offer themselves for re-election.

Audit.—The accounts have been audited by Mr. Wiogrove, Mr. Hayter being absent on leave. Messrs, Wiogrove and Hayter again tender their! services to the Sharebclders.

By Order of the Court of Directors, LIG. Snows, Bhanghai, Sertrmber 21, 910.

Text read from the printed page and cleaned; old type leaves the occasional error.

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