Page 6 Advertisements Column 4

Lyttelton Times, Volume IX, Issue 586, 16 June 1858, Page 6

l LIVERPOOL. AND LONDON FIRE AND J h LIFE; INSURANCE COMPANY.! rjnHE ; iwenty-secbnd Annual General TjL Meeting" pf the proprietors was held, pursuant to the provisions of ihe deed ■of settlement, on the eleventh day of February; I*sß, in the Company's Offices, I, Dale-street, Liverpool, when the following report was! presented.- '" 7' ' 7 7 7 In the summary of the Company's operations during the past year, evidence will be foujid of its continued .progress and ..prosperity. i 7 "An amalgamation with theMqnarch Assurance Company, which was under, discussion at the close of 1856, has been completed, and an important addition has thereby, been made to the proprietary, agencies, and connexions: ofi the Company.' Its permanent funds and annual revenue have been greatly, augmented, and, notwithstanding the comparatively .^recent date of its establishment, it takes now. .a first rank amongst insurance, institutions. The; number of shares issued during the year is 6707 ; ; making the total number in .the;hands of,.the-pro-prietors 94,211, which, at £2ia /share, represent a paid-up capital, of; £188,42_. ? f; " Fibe BsvxnTnmT.-—!She increase, in the' fire premiums as compared with, those of. 1856 is £66,971 9s. 10d.,and the Board desires to acknowledge the growing., confidence in the Company, which that fact so strikingly illus* trates. In 1856 the premiums were £222,27910*. 6d. ; in 1857 they have amounted j jto £289,251 Os. 4d. A business of such, magnitude brings with, it, responsibilities for those engaged mite management, but.its,sources are^ so various and so many, the artsa oyer which it is spread, is so extensive,, as to encourage a feeling of security in the shareholders that, serious disaste» is not likely, to, befal them. The • sum required to meet the losses by fire in 1857 was £165,2-0 7s. 6d. " Lii?K Depabtmkkt.—The _»w premiums of 1556 were.£12,770 14s. lid.; those of the past year, £16,215 15s. 6d., derived from 761 policies, insuring £502,025. The total income from premiums waa £101,928 14s. Id., and the , claims araountedrto £46,616 12s. lid. These figures show very satisfactorily that, in this department also, an onward movement has been made; but there is still to add to them the sum of £26,995 17s. 7d., which has been received ,in purchase of annuities, amounting to £2,118 10s.id.; there has been paid to annuitants in the course of the year £13,497145. 4d., and eleven annuitants have died,,whose annual 'claims on the company were-£856 Bs.

: ;" BbANCH; ESTABLISHMENTS AND AGENCIES. —rlt has already been intimated that there has been a considerable accession to the number of the company's agents, and the directors would here merely add, that they highly appreciate the very valuable services rendered to the company by the various boards and agencies, whose, contributions to the general result are so considerable and important.,. Without seeking to discriminate where all have aided efficiently in ; ; placing the office in a position to gain the trust.; ; of their respective cpmmUnities, they would beg to bespeak for the new year, a continuance of exertions which the brisk competition of the day renders so essential to success. - , " Resebved Sukpltts Fund.—The premium received, on the shares issued is £34,354 Is. lid.,: which has been carried to the credit of this ac-. count, now amounting to £214,616 lis. lid. . " Pbofit and Loss.—The result of the year's working is seen in the balance of this account, which proves to be £210,237. Out of this sum the directors have determined to declare, subject to the approval of this meeting, a dividend of twelve shillings per share, free of income-tax. When that has been paid, there will remain, carried forward as a Re-insurance Fund, the sum of £153;7lO Bs. " The following table will show the position of the. Company's Funds now, as compared with 1856:—

1856. Is now. The capital... £175,008 0 0 £188,422 0 0 The reserved fund 180,262 10 0 214,616 1111 The life fund 339,450 510 531,269 13 10 The fire re-in-surance fund 125,653,6 5 153,710 8 0 £820,374 2 4 £1,088,018 13 9 Increase 1857. On capital .%. £ 13,414' 0 0 On reserved fund 34,854 1 11 Onlifefund... 191,819 8 0 On fire re-in-surance fund 28,057 1 7

£267,644 11 6 I " The directors cannot conclude their report without expressing their gratification on seeing the proprietors assembled on,this occasion in a building of their own. They trust that,in style, in finish, in execution, and arrangement, the structure will be found all. that can be wished; and that, as an investment, it will be sufficiently remunerative. "JOSEPH C.EWART, Chairman. " Liverpool, February llth, 1858." THE LIVERPOOL AND LONDON FIRE _ LIFE INSURANCE. COMPANY Established 1836. EMPOWEBED BY ACT OF PABMAMENT. The amount of capital subscribed exceeds £1,500,000 THE liability of the Proprietors is declared by the Company's Act of Parliament to be unlimited. Fibe Insurances at bedtjced rates of premium, varying from 10s. 6d., to £3 per cent, according to the degree of risk.