OCR Text |
Show Flourishing and Reliable. The forty -first annual meeting of tlio Liverpool and L iidon and Globe insurance company wns held in Liverpool Liver-pool on Friday, February 24lh, and ihe accounts produced showed a very flourishing condition financially. The balance left to the credit of tho profit and loss account for the year, '70 7, was 77,295, or about $385,500. With this amount undivided, tho reserve fund at a million, pounds sterling, and the invested fundi at nearly five millions and a quarter pounds, the proprietors and general management must feel satisfaction anil the investors security iu this corporation. cor-poration. The dividend declared was 8s. per shai'o for the year and a bonus j of 4a. a share. The company hold I the leading position of tho British offices in Ameiica, not only in regard to iU means, the extent ot the bnei ness it transacts, but also the manner and mode in which the business 'is done, and likewise in respect to the pojiiiou of the directory and ngei.ts who are entrusted with the all jus ol the company. The London Review, Hpeaking ot this company, Bays: At the present moment tho cash assets ol the company are one million pounds sterling in excess of tho amount at which they stood at the closo of 1873, the year after the tremendous tre-mendous losses at Boston and Cnicago Cni-cago had been paid lor. To have accumulated a million sterling in threii years is an achievement any office may be proud of, and wo may venture to say it is unique in the history of British offices. The assets of the company now stand at i!5,-41)4,034, i!5,-41)4,034, as againtit 5.108,210 at the close of 1875; 4,801,837 at tho close ol 1874, and 4,414,175 at the close of 1873. It will be recollected that the Boston fire took place in 1873, and the Chicago fire iu 1872. If the figures we give above do not convey to our readers the idea of courage, perseverance, and resolution to profit by experience as well, then language bas lost its meaning, and argument its value. Messrs. Jennens tt Grant arc the local agents for the L. and L. and G. and are worthy representatives. |