As you are aware, the company's business is divided under two headings, insurance agency and investments, In both departments the results for 1940 have been unusually successful. This is due in part to exchange, but in a great measure to the facilities and service which the company continues to extend to the public at a time when the need for insurance protection is paramount end extraordinary coverage is required, The favourable results from investments is in consequence and evidence of the healthy state of the companies whose securities make up the investment portfolio. For the most part there companies are closely affiliated with your own,
Text read from the printed page and cleaned; old type leaves the occasional error.