STANDARD INSURANCE COMPANY.

Otago Witness, Issue 2762, 20 February 1907, Page 49

STANDARD INSURANCE COMPANY.

The following report for the year ended Decembe- 31 will be presented to shareholders in the Standard Fire and Marine- Insurance •' Company at the annual meeting to be held on; March 4- — " The income for the year, including thet balance brought forward fromi last year, - amounts to £107.292 14s 6d, and the expend!-* -* ture to £87.604 5s Bd, leaving a balance o5 £19,68S 8s lOd. From this amount an interim dividend was paid in June last amounting to £2312 10s. Your directors have addedjj £5000 to the reserve fund, and recommend' that the balance be appropriated as follows :k To pay a dividend for half-year ending December 31 at the rat* of 7J per cent, per annum, j£3B]2 10s; to pay a bonus of 2J per cent., £1875; to carry forward to next year, - £7188 8s lOd. Full provision has been made in the accounts for all ascertained losses to the close of the year. The dividend and bonus now recommended, if approved by the shareholders, will be payable at the company's offices immediately after the meeting, and at the branches on receipt of advice. Me3sra William F. Edmond and John Mill retire fiora the directorate, as provided by tha articles of association. Both are eligible, and offer themselves for re-election."