The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-03
erIod Of years to ls4O total sunni Assured

Two years have now expired Of fresh quin-
quennlal period ana IL Sann0t ouI & pc dee4ed d
that in those years (lS65 and 1860, assurances
have been effected to the extent OF 9l74S,57l,
period, viz, to 1859 inclusive.
1t can be shown that in those same two years
the standard of eligibility has been strictly
maintained, as 774 Lives have been declined In
the period for no less an aggregate Sum Assured
These figures should not be passed over un-
needed, since they indicate clearly the caution
the the weisbtiest argument to induce good Lives to
select a Company which gives to It's Assurers an
entire body OF copartners with the best pros
The directors would again refer to the esti-
mate in the last Acturial Report OF probable
increase to the Life and Annuity Funds OF one
Million Sterling in ten years. or OF ,OOO an
nually during that period. The actual increase
to those funds In the past year is RIA 100 's oo'
DIVIDEND AND BONUS.
The Directors propose to the Proprietors that
a Dividend be declared of 3s. per Share and
Bonus of As. per share, together 7s per snare
The considerations which have Induced the
Directors 10 propose continuance OF the same
Dividend and Bonus for the present year nave
been partly anticipated In q preceding para
graph OF the Report.
II is true that the payment of e. Q dividend
win exhaust the amount remaining az end snS oS
the year 1866 as, however, 1t can be accom-.
plished without encroaching on the amount 9S M M OF
Of GlIB,9l3 2s. 10d., IL has been considered con-
sistent with pr opriety to continue the same
sum on one occasion, which, from
the present somewhat mpTo,xhe1a pro,h11,
noR nsRfSSs be- deemed neediSl again Looking at the
heavy losses throughout tne enIre year
visiting all paT1s o6 sns in this
or any other country, IL was not antclpa, ed
(until the accounts were made up ana Iouna sN 40
that the Dividend could be paid out OF frouI
and Loss, leaving the Reserve to stand at the
amount at which 1t stood In the preceding year,
There will moreover, remain sum Of about
100000, since added to the credit OF PronI anu
Loss on account OF the Profits OF the present
The Proprietors will not fail to draw the fol.
lowing inevitable conclusions from review oi
the whole subject:
lstly-That II the adverse experience Of the
past two years had been carried on 10 ths th
same extent during the SIX monSnS as be T1 She de
claration of a largely-reduced Divldend ex-
tending through and possibly far peyonS1 S Sns ne
disasters,
2dly-That the uniform resistance made by the
directors In times past TO the declaration o.
any DIVIDEND likely to be reduced In time CC
come, Is now shown to be In entire accordance
with the true government of an Insurance
Sdly-That any future periods of prosperity
when tney arriye, should primarily be useS
TO accumulate such a Reserve Fund as will
give at least high degree of probability tina
any future DIVIDENDS declared by the Direc
These are the axioms whioh iiised themselye
ON the minds OF the nrst projectors OF the Roya
Insurance Company, as selfeVident truths Ii
their efforts to work out the problem OF 600
manaRement which was then given Them
demonstrate. They have been consistentl
Eept ia view by the past and present Director
of The Company; and IL VIII doubtless be cor
Sidered by the Shareholders In accordance wit
their present interests and future expectation
of prosperity, that they should be continuousl
and indexibly maintained.
'N~ CHARLES TURNER, Chairman.
August 8, 1857.
Mr.. Dove also read the various statements
acc0uAt