TWENTY-FIRST  ANNUAL  REPORT.
 

OFFICE   BUILDINGS.

The Board of Trustees have for several years
desired to obtain lots in a suitable location and
of proper dimensions, on which to erect a build¬
ing where the Company could be conveniently
accommodated. The rapid increase of its busi¬
ness demands adequate room for its transaction,
while the necessity of preserving all the papers
and books relating to each policy issued until it
is paid, requires that the building containing
them should be fire-proof, as no safes could be
constructed of a character and capacity sufficient
for the purpose.

The Board accordingly at its meeting in April
last, unanimously resolved to purchase the lots
on the south-east corner of Broadway and Liber¬
ty street, (about 80 x 110 feet in size,) and are
now erecting on this ground a substantial and
thoroughly fire-proof building, where in addition
to the convenient and safe transaction of the
business of the Company, they have provided
banking and other rooms which will produce an
income sufiicient to make the investment a satis¬
factory one. It is hoped the building may be
ready for occupation before September next.