September 1, 1906. 



The Review of Reviews. 



315 



force on the 1st July. The fact that each oompany's 

 policy had a different set of conditions was perplexing 

 to tiao public, especially to large concerns where a 

 number of policies in different companies were held. 

 Certain things required to be done by the assured 

 under one policy were not required under another, and 

 complications ensued. The conditions of all companies 

 are now alike, and as a whole they are more liberal 

 to the insured than those previously in force. In ad- 

 dition tliey are marshalled under distinct headings, 

 which give the public greater facility in ascertaining 

 their exact position. 



An interesting table of the losses made by British 

 fire offices in connection with the San Francisco disas- 

 ter was published in the New York " Journal of Com- 

 merce," which it stated was compiled from official 

 statements made to it by the companies. The list was 

 as follows, and the figures showed tlie net loss after 

 deduction of reinsurance: — Atlas. 1.2."0,000 dollars; 

 Caledonian, 1,193,482 dollars; London Assurance Cor. 

 poration, 3,750,000 dollais; London Lanca.shire, 

 2, .500, 000 dollars; Liverpool. London and Globe, 

 3,500,000 dollars; Northern Assurance Co., 2,000,000 

 dollars ; Norwich Union, 1,200,000 dollars ; Phoenix, 

 1,600,000 dollars; Royal, 3,7o0,C00 dollars; Royal Ex- 

 change, 2,750,000 dollars; Scottish, Union and Na- 

 tional, 1,000,000 dollars; Sun, 1,200,000 dollars. 



The thirty-seventh ordinary general meeting of the 

 shareholders of the Equity Trustees, Executors and 

 Agency Conjpany Limited, was held at Melbourne 

 on August 6th. The balance-sheet showed a credit 

 balance of £t:658 lis. Id. Of this a dividend at the 

 rate of 8 per cent, per ani.ura was declared; a divi- 

 dend of 2 per cent, by way of bonus was paid to share- 

 holders ; 10 per cent, was written off office furniture 

 account, and a bonus of £172 19s. was paid to the 

 staff. £1000 was carried to the reserve fund, which 

 now stands at £12,500, and a balance of £5963 2s. Id. 

 was carried forward. 



It is more than a British tradition that upon the 

 maintenance of the Mercantile Marine up to a high 

 standard depend the stability and extension of the 

 British Empire. For this reason alone the ship " Mel- 

 ville Island " case is bound to live in the annals of 

 shipping, especially as all the sailors concerned were 

 British-born. The story of the vessel's six weeks' stay 

 at Quoenscliff is full of incidents, interesting not only 

 in themselves, but also on account of the issues they 

 decided. It was tlierefure a happy inspiration to pre- 

 pare and publish an authoritative history of the case. 

 This has conio to us in an illustrated pamphlet of 40 

 pages, containing a very interestingly wiittcn narra- 

 tive of the striking affair, and a lucid record of its 

 legal points. As a tale of the sea, graphically told, 

 it is of general interest; while as a gu.de to proce- 

 dure in maritime disputes, the attractive little book 

 should prove of great value to all sailors, both masters 

 and men, and to the shipping world at large. It is 

 published at sixpence a copy, and is obtai: able from 

 Messrs. Gordon and Gotch, Melbourne, and all leading 

 newsagents. 



THE UNITED 

 INSURANCE COMPANY. 



ESTABLISHED 1862. 



ADELAIDE - 

 MELBOURNE 

 BRISBANE - 

 PERTH - - . 

 HOBART - - 



T. C. Reynolds, Resdt. Secretary 

 T. Lockwood, Resdt. Secretary 

 E. Wickham, Resdt. Secretary 

 J. H. Prowse, Resdt. Secretary 

 W. A. Tregear, Resdt. Agent. 



HEAD OFFICE 



THOMAS M. TINLEY, 

 Manager. 



SYDNEY. 



B. HAIGH. 



Secretary. 



THE 



CREDIT FONCIER 



Lends to Farmers in Victoria 

 £,50 TO £,2000 



At 4U per cent, for 30 Years, with right 

 to pay off any half-year. 



Apply, 



INSPECTOR-GENERAL OF SAVINGS BAKKS, 



MELBOURNE. 



THS 



COLONIAL MUTUAL 

 , . FIRE . . 



INSURANCB COMPANY LIMITBD. 



FIRE 



ACCIDENT ■ 



EMPLOYER'S 

 LIABILITY 



FIDELITY 



GUARANTEE 



PLATE-CLASS 

 BREAKAGE 



MARINE 



BURGLARY • 



Insurance. 



OFFICES. 



MELBOURNE— 60 Market Strert. 



SYDNEY— 78 Pitt Street. 



ADELAIDE— 71 King William Street. 



BRISBANE Creek Street. 



PERTH— Barrack Street. 



HOBART— Collins Street. 



LONDON— St. Michael's Alley, Cornhill, K C. 



WM. L. JACK, 



Manackk. 



