, 1865-09-15

anu some e1Ort Is maize To "0O ahead,
but here, we fail to induce capital by our
own indiscretIon, aud then We fold our
arms in sullen contentmtnt that we are
ruined and nobody will help US Not
even success in the little we have done is
any inducement for redoublrd energy.
We have two enterprises OF purely local
conception, arrangement, and eXtcu ion,
aad they have been decided successes.
We refer TO The Jamaica Mutual Life As
surance Society and the Kingston aud
Lignanea Water Works Company.
The first Of these from Il humble and
quiet begInnIng-an agreement among Il
few gentlemen resident in the country
for mutual asSurance-haS SO progressed,
IN less than IL quarter Of IL century, as tn
be able to take risks 10 the extent of
nearly G26O,0OO. It's policies number
nearly seven hundred, and such has been
its prosperity that a short time ago it was
enabled, Oh the accommodation Of the
Actuary, to distribute among its mrm-
berS no less a sam than GI0,l92 IN the
way Of bonuses. More than this, it has
since consolidated itself into a prop,ieta-
ry society, and held out the inmrnSe td-
vantage to new insurers Of Il deduction Of
fifteen per cent. Oh the premiums Of IN
surance The. Water Company has achley-
cd a success no less great. Accord
ing to a report aow lying before US, the
revenue daliH9 the halt y,ar amounted
to $3.50 1875 10j. and the expenditure
TO Gl,370 As. I'D, leaving Il balance Of
G2, 206 14s. I'D, of which the directors
suggest HE usual dividend, 1T the rate Of
6 per cent. per nnaum, which will require
5000, aud, ia addition, a bonus Of FL per
share on $40 shares r,quijing G640 more,
making d total Of 81 1900, and leaving 10
be carried TO prof uud loss GG0G las. I'D.
These ~reSalts would have been greater
but for the fact that the expenditure Of
the present half-year has exceeded that
OF the last, in consequence of some neces-
sary alterations and Improvements of the
works OF the company, and Of The eXpen-
SEES Of a competent engineer brought hi
Their from Barbados to make certain sur
veys, &c. The loan debt Of the compa-
ny has been reduced to G2 400 by the
payment Of 1858 Is during the haIfyear.
Among the improvement effected has been
the connection of the new s~toue-gutter
with the natural basin Of water in the
Hope River, by which connection a nod
and constant flow OF water INTO III gut
tiers, common 10 Hope, Papine, and No
nh has been had. and but for which con-
neclion great difficulty would have been
experienced in getting a proper supply Of
water into those cutters by the medinm
of the Old dam, the wateri in the Hope ri
yer having, in consequence of The great
drought, been very low.
The report next refers TO a matter that
is Of universal interest, namely, the ar
engagements necessary for an adequate
supply of water for the use Of the city in
cases of fire. "The directors have had II
correspondence with the Court Of Com
mon Council On the subject of an inpfov-
ed supply Of water to he ely IN case Of
fire. They, in order TO meet III wsnes
Of the Court in The matter, secured The
services Of Mr.. J. W. Clarke. an hydpau-
Ic engineer, who laid, at a cost of nearly
100000. The Water Works Of Bridge
town, Barbados, the arrangements of
which, for exlinguiShing fires are said to
be perfect, with IA view to his affording
the directors such Information as would