Page:Showell's Dictionary of Birmingham.djvu/358



HE Company's past financial year has been one of very exceptional we expected to do a year ago, we have made an increase of £12,150 0s. 5d. in our Income; carry forward a balance of £10,444 12s. 2d., and reduce our working expenses by nearly three per cent.

New Business.-The Proposals received during the year were 143,880, and the Annual Premium thereon £66,485 145. 5d. Policies issued 123,335, and Annual Premium £55,273 17s. 0d. Finance.—The total Income for the year as £131,892 13s. 9d., and total Payments £121,448 1s. 7d., leaving a balance upon the year's Accounts of £10,444 12s. 2d., making the total Funds at the close of the year £56,467 1s. 10d Amount paid in Claims during the year was £54,755 19s. 8d. The number of Assurants upon the Company's books at the commencement of the present year was 302,416, and their Annual premium will be £146,050 10s. 5d. A Dividend at the rate of 10 per cent. was declared upon the paid up Capital of the Company.

H. PORT, Manager. D. A. BECKETT, Secretary.