Commercial.

Evening Star, Issue 2920, 28 June 1872, Page 2

Commercial.

The amount of revenue received at t’ie Ons om-house on goods cleared for consumption to-day. was £722 2s 9d.

The report of the thirty-sixth annual meeting of the Liverpool, London, and Globe Company, held in February last at Liverpool has been forwarded to us. It shows that during last year the premiums in the fire department reached the very large sum of L 1,131,594 7s 7d, exceeding by about L 200,000 those of 1870, and showing the great and rapidly increasing hold on public confidence which the company is acquiring. The losses during the same period amounted to a sum unprecedented in a single year, the charge under that head being LI, 178,749 5a 2d for payments actually made and full estimates for claims still unadjusted ; that to this vast total the startling catastrophe at Chicago contributed L 614,000. In the life department 1042 policies were completed assuring L 521,579 ; producing new premiums L 22,177. Loth life and tire departments show a large increase on the previous year; the increase in the fire premiums being equal to the immense sum of L 200.000, and in the life department to L 6,000. The total life premium income is now L 272.948, and the total assets L 3,647,783 out of which L 2,410,903. Thus the life reserve has increased by more than LIIO,OOO in the year, and the total assets are only diminished by L 212,000 during the same period and after the unparallel catastrophe at Chicago. The chairman of the company (Mr Saunders) in moving the adoption of the report, regretted the inability of the directors to declare more than a 10 per cent, dividend. This course was rendered necessaryjby the Chicago disaster. Unfortunately the company had been doing a large business in Chicago, chiefly in respect to massive and well-constructed buildings—and they were consequently, with the exception of a native Company, the heaviest sufferers. It was, however, gratifying to know thatjthe promptitude with which the heavy claims upon the Company had been settled, had raised their reputation in the United States even higher than before, and had even brought to them a large increase of business of a nature hitherto difficult to obtain. Notwithstanding the interruption to their prosperity caused by the Chicago fire, the Chairman thought there was no ground for anxiety or discouragement as to the future, and their ability to recover from the heavy loss. The report showed that the elements of success were not diminished, but, fon (the contrary, afforded them every hope.