Total number of policies in force in Canada at date 21,554
Total net amount in force $ 22,569,988 00
Total premiums thereon 274,814 88
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
The net premiums after deducting those paid to other companies in reduction of this company's liabilities, amounted to £836,165 8s. 9d., against £847,094 16s. 7d., in 1895.
The net fire losses incurred in 1896, including full estimates for such as were not adjusted at the closing of the books, amounted to £459,589 15s. 4d.
After providing for all commissions, expenses, depreciations, bad debts and other charges, the credit balance on the working of the year's business stands at £84,800 Os. 6d., in addition to £36,116 10s. 1d., for interest on investments, making a total of £120,916 10s. 7d.
The directors propose to pay on the 7th proximo, a dividend of 7s. per share, free of income tax, making with the interim dividend of 3s. per share paid in November last, a total distribution of £42,550, or 20 per cent on the paid up capital.