31 MAY 1935, Page 52

The recently published report of the Royal Insurance Company indicated

that the Company had had a good year. At the annual meeting held this week, the Chairman, Mr. A. E. Pattinson, made it clear that the satisfactory results had been secured. in spite of the continuance of difficulties of inter- national trade and absence of currency stability. This ques- tion of currency stability both local and international is an important matter to Insurance Companies with contracts extending over a long period. " Nothing," said Mr. Pattinson, " would be more conducive towards a general recovery than stable relations between the principal currencies." Moreover,. it Must be remembered that stable currencies make for better- trade, and better trade usually brings about an increitse in Insurance business.

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