PROPERTY SALES.

Southland Times, Issue 4140, 6 October 1881, Page 2

PROPERTY SALES.

John R. Cuthbertson, auctioneer, reports the snfe of section 25, block 12, luvercargill, fronting Forth, street and Public Gardens, at £320 ; also section 6, block fi, Campbelltown, fronting G6re street, at £25. McArdell and Co. sold yesterday two acres of ground at Gladstone, with five-roomed house 1 hereon, for £5,35. r. ..) :/ ' !•' __ BOYAL INSURANCE COMPANY: " i" ANNUAL MEETING. The local agents, Messrs R. D. Yule and Co., Have received the following report of tbe annual nieeting of shareholders from the head office,; via Brindisi ; Liverpool, llth August, 1881. I have the pleasure to advise that the annual meet itf g of this company took place on the Sth irist., and that the directors were enabled thereat to report very favorably upon the operations of the Company for the year 1880. That the results of those transactions bave beer. 'eminently successful will be gatherpd froni V concise view of the leading points developed in the report, which 1 proceed to giye- as follows : — The premiums received in the Fire Department, after, deduction of re-insurances, kc, show an appreciable increase upon those of the previous year, and amount to £833,078 ; the profit yielded by that branch, includiug interest on funds other than those pertainiug to the Life Department, amounting to the large sum of £247,558. In the Life Department the net premium anounts to £247,190, and after payment of nil claims and expenses, the funds of tbis Section have been augmented by the sum of A14_,131. With respect to the appropriation of the profits, the shareholders receive this year • dividend of twenty-five shillings per Share, equal to 41 per cent . on the paid-up oapital, and absorbing £120,643; while the reserve fund has b-.cn augmented by £50,000, the profit remaining being carried to the credit of the Profit and Loss Account. The, available funds of the Company are now as under : — Paid-up capital £289,545 Fire fund 500,000 Reserve fund 950,000 Balance of profit and loss 195,250 Life funds 2.593,747 Total £4,528,542 Yon will be gratified, I am sure, to find {hat the Royal continues its prosperous aud progressive .career, aud to hold its leading position among insurance companies, aud ,1 take this opportunity to invite your cordial co-operation in furthering the aim of the directors to maintain the Royal Insurance Company in tbe proud position which it occupies as the richest known Fire Insurance Company iv the world. Referring you te the full account of the proceedings at the meeting contained in the Liverpool Mail now posted to you. — Digby JOHNSON, Sub- Manager.