e Excess

YEAR.   Losses Paid.

General

Expenses.

Lividends

of Income over

Total

Expenditure.

Expenditure.

to

Shareholders.

d The Reserve.

8

cts.

8

cts.

8

cts.

8

cts.,   8   ets.

1875

..........   ...   ........

1,694,885

99

985,926

28

159,608

88

2,840,421

15   e   627,577 (7

1876   

2,746,563

00

1,342,268

96

213,655

04   4,302,487

00

e   74,422 70

1877

........................

3,555,283

21

1,234,552

83

125,928

21   4,915,764

25

d 1,178,084 36

1878

.......................

1,891,130

71

1,026,354

51

146,163

83   3,063,649

05

d   4,408 78

1879   

1,966,854

83

938,436

79

159,253

74   3,064,545

36

d   5,276 02

1880

.................   ....

2,236,943

54

889,409

73

164,650

50   3,291.003

77

e   116,485 07

1881

..........   ...   .........

2,898,045

45

145,137

85   3,944,862

40

d   612,842 23

1882

..........   ...   ...   ....

90

1   917,526

03

110,813

47   3,322,552

40   d   134,155 01

1883

....   .........   ........

2,291,429

02

925,970

41

110,480

00   3,327,879

43   d   159,369 01

1884   2,165,708

63

871,037

06

102,675

50   3,139,421

19   d   14,459 84

1885    1,985,256

67

917,879

59

99,896

73   3,003,032

99   209,514 44

1886   2,128, 942

82

926,299

50

114,809

02   3,170,051

34   60,022 96

1887

   2,397,382

03

1,031,696

74

123,422

74   3,552,501

51   d   72,611 52

1888

   2,355,960

53

1,009,167

74

122,198

27   3,487,326

54   d   2,897 14

1889   2,417,046

62

1,064,557

52

126,759

42   3,608,363

56   e   63,626 33

1890

   2,254,866

61

1,114,472

16

135,689

92   3,505,028

69   e   248,284 64

1891

   2,588,894

16

1,198,806

97

145,256

90   3,932,958

03   (1   199,476 88

1892

   2,454,821

80

1,440,994

51

128,372

23   4,024,188

54   d   243,233 21

1893