The Sun.
London, England, 1852-06-10 00:00:00

end compare the- totals. with ille;;ttilS of the tiro pre.
ceding years, it will at occe' appear; that though the
business of last year doubled that Of the , year before,
yet that the busibeds this year has exceeded, id every
particular, that of the. two preceding years taken toge-
ther, making the totals .of the three years of the awn,-
pany's operations as follows:7—

Ice. Aig. amt. Income

Total number of policies
completed and paid
upon from June, 1859, ?
to May, 1852, t0ge.1,670 .E 121,879 £7,707 3 4
tiler with the presents
total annual income ... j
shTarileedldeirer:, feel
tors' is presenting this statement to the
bo
that bOtunle
as the nbove figures are the
amnedettinhgatotfhtehperceosemnptantoytaelismia
can offer of the prosperous conclusive evidence they
condition
company; nevertheless, it i,
exertion Shall be want-
ing, t would be unnecessary,
ttion of the affairs of the
their hope that at the next
ing, on their part, to secure Is::
they pledge themselves that no exertion
again be doubld, and
returns may be shown,
The shareholders will
clined, and that business. to
an unusually large number of aces., by the returns, that
again, la'Portant a rein%
been refused, which, if ewe tthe extent of 87,631/. has
the directors trust thrit;.althou
large, their fellow-sbareholdergh
satisfaction Proposals have been clo-
the income of the company 3 ell, would have increased
by 2,125/. per annual; but
of their determination to 2.!1 will continue to approve
which are of a first-class ch enePt only those VioPosals
greeter.
LOSSES,
The losses during the year have •
Amounts paid upon Life and Guarantee
It is with feelings of 470 heen as follows, viz.—
this amount is certainly
have to report so smell an --'l•nn that the dirgctots
The directors have also. amountt paid on this account.
Company, which was in the , tii,lnnounce, that the Fire
time when the shareholders la°-rae of formation at the
plete, and it is anticipated,. that as
follow 17 3
"sembled, is now com-
pany prove a profitable trade not only will that coin-
spectF ,bye a close alliance efrt.aki,_,
g but in other re-
expenditur the company *ill ~.eterests and division of
The directors havo elso iD-iier considerably benefited.
that the capital of the cotppa pleasure in announcing
scribed, a result anticipated at n 7. has been fully sub-
shareholders. The directors the last meeting of the
circumstance is one for .congrateaulal cannot but feel that this
to remark, that they do not see „--4ticm; they also have
for making a further call upoiaTta.3: immediate necesity
com-
pany, although they, at the stinie the capital of the care few, if any companies, having ttcces believe that there
have been. enabled to carry out those chcilar objects, which
extent with no more than the fir °se objects to the same
st
shares. . call of . 1/. upon the
The directors recommend that the
the company shall bear interest (i 74- Paid-up capital of
cent. per annum, and that the same ' the rate of 5/. per
half-yearly. . • be paid in future
The CHAIRMAN said, the rne „ •
the report read, he-thought they would
having heard
that its- -contents were most sa4°.uld agree with hhn
The statement of accounts for the'l'factory.—(Elea.r.)
forwarded to each shareholder, wt, past year had been
in attendance had been in possession of
who were
tal balauce-sheet, which brought tirll °F a supplemen-
company down to the present time accounts of the
With regard to the report he had be *--(Hear, heat)
say, because he considered It was so nt a few words to
that it required no explanation front full and copious
hear.) Ile must, however, D, ,n him.—(Hear,
draw attention for a few nootnent`ermitted just to
points in connexion with it. I 3to one or two
n the
directors state that the amount of ho - first place, the
in the past year exceeded that of stli'lless transacted
ing years, and, with that fact the two Preced-
he thought they were justified in believingere them,
assurance.companies had done so well that few
(Heir, hear.) Having gone to some extheir own._
the last twelve months in forming estabrise during
Manchester, Liverpool, and Birmingham, ishments in
appointed most—excellent agents to lecture having
country upon the principles and features 01.1 re in the
patty, he had not the Slightest doubt that the COM"
their business would be still farther innext year
(Hear, hear.) They would assuredly reapse._
of the seeds they had sown, and when they the fruits
this time next year, the balance-sheet wouldmhet again
sam °satisfactory description as the one whichthe of the
now considering.—(Hear, hear.)
.His own
view
were
that their income then would be more thannew was
double
wh: at it was now, - because the expenses
which
had
alm
ady been incurred would be found amply auffi
clef at to provide for all the extra business that
might
coin() to them.—(Hear, hear.) That was aCI TCUM-
ose
sta,ace which the shareholders should not lose sightsight of
when they cast their eye over the balanoe.sheet, and
came to calculate the, sums that had been expended
in
the appointment and formation of local boards.—
(He or, hear.) With these few observations, he
begs red leave to move the adoption of
the report,' and e
to slate that he should be most happy to give all such
information as might be - required of him,
as far
as
lay in his power,' or to call upon the officers of the
c ompany to supply' l:, if be could not furnish it
h iniself.—(Hear, hear.)
The Rev. J. WOOD said that he had much pleasure
in seconding the resolution, which was accordingly
Put to the vote and carried unanimously,
Mr. W. Horcnorr proposed the second resolution,
wh'•oh was that the retiring e the Hon.
Fr viz on.
Fr antra Villiers, James Wyld, Esq., ai p
. .) H. IL D.
co,
j3rien,sci., no jomalleicit ,Eicll be re-elected.