EAGLE STAR.
I referred a fortnight ago to the excellent character of the report of the Eagle Star and British Dominions Insurance Company, and the favourable impression created by the report was confirmed by the statements at the recent annual meeting. The Company has, of course, large interests in the United States, and in the course of his address the Chairman. Sir Edward Mountain, made no secret of losses that had been experienced in that direction during last year. Ile also stated, however, that the Company's results were more favourable than the average for all companies operating in the United States, and Sir Edward said that the American Companies were becoming gravely concerned about the situation. Many American companies, he stated, had 1'661 more on the handling of investments to produce profits than on their underwriting, and events had proved the danger of that -course.- 'He added, however, that the necessity of I sound basis fOr the acCeptanee of risks was now becomin; recognized,- (Continued' ora pagi -
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