Page 6 Advertisements Column 4

Lyttelton Times, Volume IX, Issue 588, 23 June 1858, Page 6

LIVERPOOL AND LONDON FIRE AND. LIFE INSURANCE COMPANY. THE twenty-second Annual -General; Meetino- of the proprietors was held,; ♦ S iho nrovisions of the deed of pursuant to the pio\ifeiu»- iMirimrv ' settlement, on the eleventh day of leb >ixmy 1658, in the Company's Offices, *• Dalo-stieet,. Liverpool, when the following report was pie-. 'tfthe summary of the^Company's opevaW during the past year, evidence will be found oL its continued progress and prosperity.. [ "An amalgamation with the Monaich Asbui ance Company, which was under discussion afc the close of 1856, has been conipleted, mid a^ -important addition has thereby been made to. the proprietary, agencies, and conneMO sot the Company. H» permanent funds and annual revenue have been greatly augmented, and notwithstanding- the comparatively recent elate, of its establishment, it takes now a first rank., amongst insurance institutions.^ The number of shares issued during the year is'67o7; mak-: mo- the total number in the hands of the proprietors 94,211, which, at £2 a share, represent) a paid-up capital of £188,422. _ « Fire Department.—The increase m the; fire premiums as compared with those <rt Ittofr is £66,971 9s. 10d., and the Board desires to acknowledge the growing confidence in tn^ Company, which that fact so strikingly illustrates. In 1856 the premiums were; £222,279 10s. 6d.; in 1857 they have amounted, to £289,251 Os. 4d. A business of such magi' nitude brings with it responsibilities for those engaged in its management, but its sources ai^ so various and-so many, the area over which it is spread is so extensive, as to encourage a feeling of security in the shareholders that • serious disaster is not likely to befal them. Ih&i; sum required to meet the losses by fire m Ioo7.; was £165,240 7s. 6d. ■ . "Life Department.—The new premiums of 1856 were £12,770 14s. lid.; those of the ; past year, £16,215 15s. 6d., derived from 76L policies, insuring £502, 025. The total income;: from premiums was £101,928 14s. Id., and the, claims amounted to £46,616 12s. lid. These; figures show very satisfactorily that, m 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. 4d.; there has been paid to annuitants in the course of the year £13,497 14s. 4d., and eleven annuitants have died, whose annual ■■ claims on the company were £856 Bs. " Branch Establishments and Agencies. It 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 communities, 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.

" Reserved Surplus Fund. —The premium received on the shares issued is £34,354 Is. lid., which has been carried to the credit of this account, now amounting to £214,616 lls. lid.

" Profit a:-td 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 £153,710 Bs. , ;i ' " The following table will show the positioti 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 11 11 The life fund 339,450 5 10 531,269 13 10 The fire re-in-surance fund 125,6j53 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 34,354 1 11 Onlifefund... 191,819 8 0 On fire re-in-surance fund 28,057 1 7 £267,644 11 6 " 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 bb sufficiently remunerative. "JOSEPH C. EWART, Chairman. . " Liverpool, February 11th, 1858." . i THE : LIVERPOOL AND LONDON : FIRE & LIFE INSURANCE. COMPANY, Established 1836. EMPOWERED BY ACT OF PARLIAMENT. The amount of capital subscribonl exceeds ■ £1,500,000 THE liability of the Proprietors is declared by the Company's Act of Parliament to be unlimited. FritE Instjhances at beducec rates of premium, varying from 10s. 6d., to £3 per cimfc A according to the degree of risk.