, 1892-02-20
BRITISH GU1ASA COMPAN1Es.
DemsrarG ArgOsy, 23rd jan.

80 ~ANA@ -" $1,000 =
submitted to the General meeting on Tuesday
next. he business during the periou the
report covers has aided Is policies to the total
Sll2,9 9I to the risks and 81 1855 to tbs an
nual premilm ms, the respective totals of theee
three items at the 3ist December havins beer
2,4t2; Sl0,l73,Ce9; and Si6G, rs. There
is nothing in he report that is likely TO c'eate
any di %cuesion. The inte est onsScgip is re-
commended at he amiliar rae ofsix per cent,
and with this the meeting is not likely 10
quarrel. 1t is worth a passing thong hi thatthe
estimated annual irccme FRI N premiums ans
inteles has now :eG chtd t26t Cos.
The report submitted ~ the directors Of the
Georgetown Trumways Company to the usual
half y, arly meeting held on Thursday, record
ed a continuance Of the prosperity that has
attended this undertaking since the time Mr.,
Turner's name became associated with it's cou.
troll. The gross traffic rece pts Eor the half.
year amounted to S23,8 43, and the total ex-
penditure to Sl6,577. After allowing 70 the
payment of a'diyidend ct the rate of 4 per cent
for the h8lf-year, the Profit and Less WAS eft
with $500 at It's credit, out of which the
directors transferred 5000 to the D preoia.
ton 'cconnt, writing 1851 IF the La Peni-
tence depot, and the balance Of the sum of
AOOAhJ pp1i11StS, Ailu ! AUQ 80 IA. Nc
cost Of the mules, per caput, for forage, groom
ing and Shoeins was about 81 cents per day
or a tr,fe over the cost during the correspond
ing ha f-year in 1890. The main line cars ran
a total di tance of IS, 73l miles, carrying 426,
$40 passengers and the Croal Street cars ran
24,o77 miles, carrying 100 cas- passengers
butt these passenger returns have to be added
81. 535 passengers, classified under ths heads
Of school children ana season tickets. To
enable th,m to relay the main line from La
Penitence to Urq}hart Street, tbs directors
have raised $500 on bones; and the total
Of the bonds # the ,hree diffeI ent issues now
stands It S20,4 40,-an amount that at the rate
the redemption of the bonds has been proceed
ing for some haif..years past, viii DO totally
written ca in five years. time. In the course
Of his speech n moving the adoption Of the
report, the Chat. man disclosed some impor.
tant changes that the directors have decided
to make immediately, the result Of which We
have not the leaet doubt viii be Of financial
benefit to the shareholders and their customers
alike. 1t is proposed to abolish the double
fare in Croal Street and carry passengers for
ONE fare from the Market to the Botanic Gar
dens also to extend the hours during which
passengers may travel over the main line for
a single fare. The inevitable increase Of
CrAInc from tnese concessions, VIII demand
more traction power and the Chairman init
mated that it was intended shortly to put @ pair
of mules to every car that leaves the depot.
Regarding the writing back of the shares TO
their original value, promise Of which had
been made at q former meeting, the Chairman
said that the time was approaching when the
promise wo ldb" redeemed, theprior offwodis.
tinct tasks to which the directors had set hem
selves, to viii. the ielaying of the permanent
way land the restoration Of the shares). being
now well in hand. The report was unani
mously adopted The Chairman referred in
complimentary terms 10 the way in. which the
management and def6 st f dad attended to
their duties, and SAID thai the directors had
voted them g small gr4tuity" n recognition
thereof. A vote Of thanks to the: Ihsirman
and directors brought the meeting 'toa close.
The general meeting Of the 3. g. Mutual.
Fl e Insuranre Company yesterday forenoon, .
was almost Of a formal character, the mern:
bets being q4ite sataaEei with all the directors
had 20 report. blr. Fairhairn, the chairman.
said the halfyear's business was smaller than.
many of its predecessors, but larger than
some of them. A number Of Water Street poll
cies bad ispsei, !bat in no cese through any
cause but the reduou0noft he bUsiYesSest owhich
the policies belonged He said that the direC.
to- were able to declare a dividend On Scrip
ct tAs rate Of = per cent this TINA smA Ia