REPORT

Southland Times, Volume VII, Issue 523, 20 July 1866, Page 5

REPORT

Of the LiVKHrooTi a^d Lo> T nc>r a>-d G-lob? I> - srßA>'Cr: C'cdPAXT. to the Thirteenth Annual iTr.ieiv.i I'ileetin.:; of the Proprietore, held mirsuuufc i-j the previsions of the Deeds ol Settleiiicnt or. the 2Sth i!:iy of February, 1866, in i lie Company's OiSces, Liverpool. At the dcs-e of a year which has proved more than usual!) uitiisirous thti Directors have to re-pc.-t — Th:'.t the Capital in. the hands of *he Proprietors continues as last year" £391,752 0 0 That the Fire Premiums hive amounted lv £739.332 11 11 An-J the Lossc-e to ... ... 633 : 5 i.l 2 1 That the Life Business maybe thus summarised — That 1.721 Propc-Siiis were made for Insurance 1 oi £959,073 2 4 that 1.-ASI Policies were issued for' £779,912 13 4 ihatllOPropos&lsvt-ereuei'lmed for ... * 50,457 0 0 tliat IS4 proposals ha^e not been completed for ... U5.708 9 0 that the New AmsualPi't'Trrams amounted to £27,010 C> 1 that the tott'.l Premium Ee-venus-.vas £250,103 6 8 that the Claim? un-rler Policies including the Bonuses tli.Teon were ... ... ...£170,039 15 8 that 12 1- Bonds were granted ior the r-ayuunt of Aunuities amounting to ... ... £6,18 i 3 3 that SbAnnuicunts hare died io wliom £i.55i -7s Su was unnuuiiy payable ; thiit t'a- nruoiv.it of the existii.g annuities is ... ... £41.354 S 4 AND that the [Reserve for ..... Department is increased by the addition of "... £115,537 6 6 and now amounts to ... £1.775.058 19 lv That the Branch Establishments and Agencies continue to represent the * 'ompany efficiently in thtir several localities ; and to justify the expectations hitherto fulfilled, that by means of their influential activity, its true interests, and proper usefulness will be further developed and main-t-iineii. That the "Reserved Surplu3 ~Ev.nl sands at the same amount as last year, viz £971,-109 12 10 That the Profit and Loss Account exhibits a Balance of £i56,G97 Cs 2:1. avA of that sum the Directors propose to distribute in Dividend £156.7:0 IGs Oci, or 40 ];cr cent, as last year. The Ealance at the credit of the Account will then be £39,396 4s 2d ; and whilst the Directors r-. "ret that the results of the year's operations sboul"! be so unfavorable as not to leave unappropriated a larger proportion of this fund, they would remind the proprietors that a chief object fvr which it exists, and to which the Deed of Settlement prescribes, that it shall be applied, is the o^ui'.ization of the Dividends from year to vet r. One-fourth part of the amount thus disposed of lias already been paid over, and warrants for the remainder, payabie on the oth prox., will inime cittciy bo prepared. That the Invested -run* is of the Company will then amount to £3,177 ; 616 16s lOd, and will consist of — Capital £391,852 0 0 Life Seserve ... ... £1.775.058 19 10 EesTveFund ... £b7i,409 12 10 Undivided Profit ... £39,396 4 2 The Direr-tors who retire at this Meeting, by rot ui.je, are Mr Earle, Mr Hornby, Mr Lawrence, Mr Mozley. Mr Moon, -iir Saunders, Mr ahand, an 1 being eh^sble for re-election, they oiler themselves accordingly. JAMBS ASPIN ALL TOBIN, Chairman.