Letter to the Stockholders of the Provincial Insurance Co. Of Canada (Classic Reprint)

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Excerpt from Letter to the Stockholders of the Provincial Insurance Co. Of CanadaThe Proprietary Branch of the Company commenced in 1850, and on the 2nd of April, 1851, I find from the Minute Book that a resolution was moved by Mr. Howard, seconded by Mr. Perrin, and resolved, that in consideration of the responsibilities assumed by the Stockholders in joining the Company in its incipient state, a Bonus from the Cash or Premium fund of 5 per cent. On the sub scribed capital be' declared - the said Bonus not to be paid out in cash, but to be appropriated as an instalment to be added to their paid up stock, and to bear dividend the same as the stock paid for in cash.This was at the rate of 100 per cent. On the paid up capital.The President was the only member who opposed this resolution, as he did every subsequent resolution for a Bonus.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.