4 JUNE 1932, Page 32

EAGLE STAR.

The directors of the Eagle, Star and British Dominions Insurance Company are to be congratulated upon the good showing of the report, notwithstanding the difficult conditions of the past year. To some of these Sir Edward Mountain made a special reference at the recent annual meeting, when he pointed out that the continuous slump in commodity prices, together with exchange fluctuations and restrictions, had affected international trade most seriously, and as was inevitable one effect has been to reduce insurance Premium Income and to introduce difficulties in finance and under- writing. Sir Edward was able to report that his company had not suffered any loss on income in the general foreign field, while their loss ratio was favourable. Moreover, he spoke hopefully with regard to the outlook.