"of Canton Lhe report of the directors of the Union Insurance Society of Canton, Lad., for presentation to the shareholders at the forty-ninth ordinary meeting, stated On the 1920 account, after payment of the interim dividend of 24/- per share and the bonus of 20 per cent. to contributors, passed at the Jast annual meeting, there remains a balance of £431,626.0.9. The board recomniends that to this balance be added £55,500 from jthe equalization of dividend fund, giving a balance of £487,126.0.9, which sum the board recommends be appropriated as follows final dividend shareholders of 16/- per share on 111,000 shares 88,800.0.0 bonus dividend to shareholders of 20/- per share on 111,000 shares 111,000.0.0 To be carried forward to underwriting suspense account, to close the account for the year 1920 287,326.0.9
£487,126.0.5
On the 1921 account, the balance of working account on December 31, 1921, was £725,799.13.0. The board recommends that an interim dividend of 24/- per share be paid to shareholders, absorbing £133,200 and that a bonus of 20 per cent. be paid to contributors, absorbing about £50,000, and that "the remainder be carried forward.
Text read from the printed page and cleaned; old type leaves the occasional error.